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MHP tenancy approval and investors
I understand that most MHP/Associations require approval via a credit/background check for perspective tenants for their lots.To those who invest in units in parks, do you submit to these credit checks or are you able...
Nikkolas Kennedy
Telling a bank more than they need to know is good or bad?
Should you tell your bank you want a loan to later flip it?
Tyler Jordison
FHA Owner Occupied, when am I required to move in?
Hi All, If I use an FHA owner occupied loan to finance a 2, 3, or 4-plex property that has current renters and valid leases, when do I have to move in so that I do not violate the guidelines of the owner occupied loan...
Matthew Thomas
fannie mae - Can I bid as owner occupier ?
Hi,
Where could one find the fannie mae requirements for owner occupier bidding?
I am looking for a second home in a beach community where I would split my time between my existing residence and the new house. I wo...
James Edwards
Legal Question Neighbor Using Property
Hi All,
Curious how you would handle this.
You purchase a surveyed bare lot with markers in the ground. An adjoining neighbor has various items stored on your property (trash items, a trailer etc). Neighbor also...
Jerome Nunez
Investment Group Financing in Northeast NJ - Set up an LLC before first purchase?
BP, I'm partnering w/ two individuals to acquire our first 4-unit property in Northeast NJ. We've been discussing financing options, specifically looking at FHA (less equity but 1-year owner occupancy requirement) and...
Ralph Ellenberg
How long before you can get a new primary residence mortgage?
Hi everyonemy wife and I are under contract with a builder where we live in S.C. that should be finished in about 3 to 4 months. It looks like she maybe getting a great job offer in Colorado not long after we close. H...
Jonathan Johnson
$1.5MM 62-unit Owner Financing Deal
Hello BP,I have a goal of 100-units and I currently have 5 and a full time job. An opportunity to purchase 60 or so with apartment and several SFH has come up with an option of owner financing.The opportunity lies in ...
Kainoa Jones
Dealing with Tenant Occupied Properties
Hello BP Community,If you are wholesaling a buy and flip property that is tenant occupied, how is this typically handled? If the owner decides to sell what is the common practice for dealing with the tenants? Thanks ...
Stacy Weng
Conventional Loan and Hard Money Together?
I'm not sure if this is even possible, but has anyone ever tried to use a conventional loan and hard money together for a deal? If I'm considering a property to do a flip, can I do a conventional loan with 20% down, a...