Derek Mendes
Single family Portfolio Lender Refinance
Hello BiggerPockets community. I am looking to apply BRRRR utilizing hard money. Most banks will require 6 month seasoning prior to cash back refinance. I read responses in posts stating their are lenders that do not ...
Noah Lomax
Setback Encroachment & Rennovation
Hey Chicagoland BP-ers!I'm currently working with a realtor to purchase a property that is completely distressed and will need significant rennovations inside (almost an entire gut; but not quite). Based on the proper...
Nicholas LaGatta
Who and how to combine tax parcels in Dekalb County for a DSCR
I have a property in Dekalb that was split into 2 tax parcels (main house and carriage house) or has possibly always been that way. I am looking to refinance, but I'm getting issues with potentially needing 2 separat...
Paul Nicklin
Quick way of getting a rebuild letter for legal non-conforming
Has anyone had experience with getting a rebuild letter from Philadelphia? I was about to close on a refi when my mortgage company through me a curve ball needing a structural report and a rebuild letter. I have a leg...
William Sumnicht
Anyone applied for a legal non-conforming in Independence, MO?
Analyzing at a property in Independence (suburb of Kansas City).
It's a fourplex converted from SFR, apparently back in the 40s or 50s.
Zoning commissioner tells me they wouldn't want to mess with it if it's been th...
Brian G.
Seller carry a 2nd on a conforming primary residence purchase
I have been renting the condo I am living in for a year and the seller has agreed to sell it to me. Her realtor is representing both of us. The appraisal just came back $50k under contract price. As far as I can think...
Ryan Johnston
How to own in LLC and do traditional/conforming refi?
In the past, you could buy a property with cash in an LLC, rehab it, and then just before cash-out refinancing, transfer it back to your personal name to conform to Fannie/Freddie guidelines and get a traditional loan...
Jeffrey H.
No Permit Needed for a Non-Conforming (Grandfathered) Park? Odd.
Hi Everyone,I have been working the diligence on a smaller park in a town of about 40K people. The park is grandfathered based on zoning and conversations with the City. They told me as a result that the park does n...
Ryan Johnston
Seasoning for conforming Rate-And-Term (no cash out) refinance
Are the terms/requirements/guidelines for a conventional/conforming Rate and Term refinance different than a cash-out refi? Not asking about the differences in the product/concept, I've got that. Also, not talking a...
David Casey
Abandoned Property - Reclassification
Hello I have an accepted contract on a 5plex / 6K Sq ft 25 Room 15 Bed that has been abandoned and reclassified as illegal non conforming. In order to bring this back into conformance the property will require 10 of...