Bill Ung
Nonconforming Units on a Deal (?)
I was looking at this property that seemed like a good deal but I found it is a nonconforming property that’s listed as a duplex but actually has 3 units (a front, a rear and one detached garage that has been converte...
Nivetha Vijayaraj
Loan jumbo vs conventional
Hi, Can anyone explain the difference between jumbo and conventional loan?What is the limit for jumbo loan?Is it good to go with jumbo or conventional loan?
Chris Martin
Targets for flips - neighborhood characteristics
For those who flip properties or are planning to flip properties, I am curious. Do you favor neighborhoods where flippers have already (or are already) operating? Or is that irrelevant?
A follow on question is do yo...
Colleen Doonan
Is my home legally a duplex or single family residence?
I bought a home that was built in the 1870s. When I went to close on it, I was surprised to find that my home has 2 legal addresses. I was told by the attorney not to worry about it. Shortly after moving in, I rec...
Norm M.
Mortgage for SFH with grandfathered accessory dwelling
There is a property (SFH) I am looking at that has a rental property (2br apt) in the back yard sitting on top of a garage- the entire property is actually zoned as a single family dwelling, but I was told by the owne...
Chad Bowman
Lender in northern Colorado
Hello all, who is your lender THAT YOU CLOSED with?Non-owner-occ, 4-plex, local to Fort Collins/LovelandEdit: Commercial. Not residential, nor hard money. As an agent, I've got a handful of residential.
Jay Pei
FHA 203k - down convert a 5-unit to 4-unit possible?
Forgive me for being a noob, I spent the entire weekend researching as much as I could... So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Lim...
Calvin Kwan
Oakland Property - Existing tenant questions!
Hey Guys,There's a property in the Oakland that I am interested in, but it has as pretty unusual tenant situation. It's a duplex on record, but the previous owner put in 2 additional non-conforming units (so 4 units t...
Tal P.
Mortgage under LLC
Hi,I'm looking for banks/credit unions/Mortgage brokers that can help me to get a mortgage under LLC.I'm planing to buy few properties around Boston (MA) and i'm trying to figure out how to levrage my money and take m...
Jared Hauf
Tell me if this plan makes sense please!
Good morning all,
I have found a property that I would like to purchase as a second rental property for me. I'm still new to this so please tell me if this makes sense.
My Home: Purchased for 342k in Sept 2016, c...