Michael Lutes
SFR Rental Zoning Restrictions in Philadelphia
Hello,I recently put a single family house under contract to use as a rental in Philadelphia, PA. I subsequently learned that this property is zoned I-2. Will this zoning prohibit me from obtaining a rental license or...
David Bull
REFINANCING RESTRICTIONS - 80% of cost / value
in TX - is there a time period you have to wait to refinance? I bought my first property with cash. first 2 banks said they would only refinance with a loan of 80% of the COST of the purchase price plus rehab. I thou...
Account Closed
Flipping with a conventional loan restrictions?
Hi!I'm trying to get into flipping in the Las Vegas, NV area. To finance my first flip deal, I'm planning on using a conventional loan through my mortgage broker. I'm telling him that I'm buying the home as my primary...
Stephen Scire
Income restricted apartment for an investment
I am getting my children interested in real estate investing, my son has come across a 2 unit in a lower income area , suburb of Boston.These 2 units are said to be " deeded rent restrictions for low income occupants...
Manny Rojas
Mortgage Loan with No Income Restrictions
Hi everyone - I am looking for a mortgage loan that has no income restrictions and no PMI? For example, FHA loans has no income limit but has PMI. Is there such program or would these offers be best by checking out lo...
Julie L.
HOA restricting rental of your unit
Has anyone ever had the HOA on their rental unit suddenly change the bylaws restricting leasing of their unit? I am just wondering how often this happens and what strategy folks have used to save their investment prop...
David Zheng
Condo Rental Restrictions. Do you care?
So I've been looking at a couple properties but they are in condo associations that only "allow" a certain number of units to be rentals. How much do they actually care? what can they do if you rent yours out even if ...
Jamie Barton
Rental Covenants - Income & Rent Restrictions
The covenants limit income for tenants to 80% of the median income of the area which means that I could only rent to people making less than $36,000/year. It also caps rents. The current rent cap is about $940. The...
Travis Lawrence
Recourse for Deed Restrictions Not Disclosed
Hi! I recently closed on a single family in a residential community with an optional HOA (Annual fee is optional to pay). After moving in the HOA informed us of covenants on the property attached to the Deed. The sell...
Nikki Kofkin
Rental Restriction Vote, Pros and Cons?
Hey everyone! I bought a great 1BD/1BA investment condo at auction a few months ago, and I was just notified that I must turn in my vote on the new rental restriction policy they are discussing by tomorrow at noon! It...