I am in the inspection period of a non-conforming R1 zoned triplex located in central Tucson. The 3 units were built in the 40s and there is no permits associated with the properties. I am trying to use a FHA loan to ...
Hi all, so two years ago I bought my first STR in the Smokies (PF area), the next year I bought another. I am about to start construction on my largest investment yet, in the same area. A few questions:1. I am relativ...
Hi All,I've been lurking on this forum and learning for the last few months, what a great resource to start in investing!I have a place that I'm interested in and have a question about non-conforming rooms. The upper ...
Thanks in advance, good folks!There are a few rural communities I’ve been looking at recently which were platted for small resort cabins in the 1920’s to the 1970’s. The plots of land are from 4000-20,000 square feet....
Looking to potentially acquire a new property but it is on public records as a 4 unit building but there are 5 units. I've been told the city has said a sprinkler system needs to be installed to get a variance to add ...
Hi BP community!What are the main differences between a Non-Conforming Loan and Portfolio Loan?As it turns out, when an investor has more than 10 properties, they no longer qualify for Fannie Mae mortgage loans (conve...
Hi my name is Joe and I'm new to biggerpockets. I'm buying my first house which is a 2 family house and I'm very excited, but I do have a concern. I just got my appraisal back and I noticed that in the section where ...
I frequently see properties with non-conforming aka not permitted additions. Specifically, I'm looking at a multifamily property which had a garage, now converted to a studio. It has all the necessaries - kitchen, b...
I currently have a rental that is 4 bed/ 3.5 bath legally, but we have converted the attic to be a non-conforming bedroom. There is a stairwell up to the attic that leads to a landing that has two doors, one door is a...
I am managing a nice little four Plex with the opportunity to buy. It rents easily and has several long term tenants. The price and return are well within my goals. I have questions. The building was built in 1978. Re...