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Ive received conflicting guidance and just want to confirm...For the self sufficiency test, If a tenant has a month to month lease, will the appraiser use fair market rent values instead?If a tenant has an expired lea...
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If I'm buying a multifamily property can I use the income they would produce as STR's to pass the FHA self sufficiency test? The listing includes the amount each unit grossed with AirBNB last year.
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So we had our monthly auction in Texas yesterday and one of the deals we had tied up got auctioned off. Apparently the seller had been served notice at the property he was selling to us instead of his homestead. My ...
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I have not raise the rent for 2 years. I am debating for how much I have to raise it. Any suggestions?
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Are email and text messaging sufficient for contacting my evicted tenants to let them know that they will not be getting back their deposit? They are in the habit of moving without passing on their address.
Have emai...
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Hello All,I am actually helping a friend who is trying to purchase a quadplex, but a very unique quad plex. THis partular quad is a single parcel, but actually is as follows:2bd 1 bath 1100sq ft SFH2bd 1 bath 900sq f...
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I am trying to close on a 4-unit multifamily property using FHA lending through Lender A. My W-2 income alone qualifies me for the purchase of the multifamily property. The Self-Sufficiency Test does not pass the requ...
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I am trying to close on a 4-unit multifamily property using FHA lending through Lender A. My W-2 income alone qualifies me for the purchase of the multifamily property. The Self-Sufficiency Test does not pass the requ...
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I am trying to close on a 4-unit multifamily property using FHA lending through Lender A. My W-2 income alone qualifies me for the purchase of the multifamily property. The Self-Sufficiency Test does not pass the requ...
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I read an article recently about how Fannie Mae was increasing the LTV for 2-4 multifamily to 95% and the self-sufficiency rule would be eliminated. Is this true? I didn't see anything about this in the updated sellin...