Matt Owen
Unique Multi Family Property
Hi All,I've been looking for multi family properties in my area and had one come up that looks like it has good cash flow potential but its very unique and that worries me a little bit for a few reasons. I wanted to k...
Jason Lagan
TN lenders 3% down Jumbo
I’m hoping to connect with lenders offering 3% down jumbo loans options.
Julece Glaum
Chicago Gut rehab: Cost of rehab/square foot
Hi BP,I have the opportunity to do something I've always wanted a gut rehab in the Lincoln Park neighborhood! I found a property but it's completely gutted and I don't think the rough in is done either. Anyway, I'm ...
Rachel Yoo
Conditional Use Permit (CUP)
Has anyone have experience in buying a MHP with a Conditional Use Permit (CUP) issue? I am a total newbie, but a lawyer, not doing real property law though. But I don't mind and would be interested in tackling some le...
Account Closed
Adding ADU to fourplex in California
So apparently the ADU law (SB 1069) in California allows the addition of an ADU to a fourplex.Does anyone know if conventional lenders will still consider this to be a residential property?(Is it still a fourplex?)If ...
Dylan Cadet
Can I live in an illegal unit to meet the residency requirement?
I haven't been able to find the answer to this online. So I'm hoping someone here might know. Does the residency requirement for primary housing require living in a legal unit? In Chicago, there are quite a few buildi...
Jason Hartman
Non-Legal Multi-unit
Hello, I've recently purchased a 4-plex in a historic neighborhood in Indianapolis, and have run into a big snag. To give a little context, this is a house built in 1890 that was converted into four 1 bedroom apartme...
Roman Puzey
Question regarding egress windows in basement for renting
Hello,We are under contract for a single family home that we bought that has a full kitchen downstairs with 2 non-conforming bedrooms, full bathroom, washer & dryer and living room area with a separate entrance (s...
Jon Mason
Columbus Ohio SFH Flip - Jon Mason
This will be my first flip on my own. I have bought a sfh on the east side of columbus in a tax foreclosure auction at the sheriff sale. 4/2.5 2276 sq ft bought for 140,000 ARV 199,000. with rehab costing 15,000 to 20...
Matt Laird
Financing on SFH w/ garage apartments
I was preapproved for an investment loan for 20% down 4% 15yr, up to 300k, found a property to buy & hold. My bid was accepted @ $109,800 The property is a mid 50s built 2 bed 1 bath, large corner lot, it also ...