Ralph R.
Using equity to lower mortgage payment
I'm looking to get some feedback from the bigger pockets community. I am currently in the process of planning a large renovation that will include new kitchen, master bath, dormers, and an inlaw apartment. The renovat...
David F.
seller finance income mortgage qualification
I'm wondering how income from a seller-financed property would be treated for conforming mortgage qualification for a new property purchase? Would that be treated like rental income is or would it be treated as inves...
Mike L.
Cap Rates for Billboards?
Hi,
I've come across a property that has a billboard on it. I'm representing the buyer. We made an offer on the land as if the billboard wasn't there and are now trying to come up with a value for the billboard. The ...
Clare Cui
HELP, Tenant threats
First, let me say I made a mistake in not holding my standards with this tenant, I totally own my responsibility and it's a powerful learning lesson....AND, I rented a non conforming bedroom, and the tenant wants to b...
Michaela G.
Atlanta Pittsburgh neighborhood
Since Pittsburgh (neighborhood in Atlanta) is super hot right now and investors are jumping on anything they can find, here are a few things, that are not well-known. Until 2005 the zoning in Pittsburgh was R5 (duplex...
Kevin McKittrick
Listed as Triplex, but has 5 rental units (nonconforming) ??
I found a multifamily home that is listed as 3 Units, but it states that there are 2 additional non conforming rental units, for a total of 5 on the property. Would non-conforming still allow me to rent the unit legal...
Jane Orlando
Downtown Jersey City - Converting 2 Family to Condo or Townhome
Hello,Recently purchased a two family brownstone in downtown Jersey City. Does anyone have any experience with a conversion or if it's even possible? I live in first two floors and top floor is a rental. Thank you,...
Matt Smith
Existing Illegal Basement unit remodel and short term rental
I am at the beginning of remodeling a multi-family house and looking for assistance/opinions on renting out garden unit at AirBnb once rehab is done.The house is build before 1920s and has two condos (1st and 2nd floo...
Shane Welch
Selling a Legally Nonconforming Structure - Help
Background:In February 2020, I bought a 1930s single family home that was converted to a duplex. This duplex was converted before zoning laws took effect in the area, and was grandfathered as a legally non conforming...
Ryan D
FHA vs. Conventional Loans
I'm hoping to get some people's opinions on FHA vs. Conventional Loans. It seems that in the long run (assuming one can afford the higher down payment, closing costs,etc.), it is better to get a conventional loan? How...