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Do appraisers make adjustments for converting existing square footage into additional bedrooms?
We're converting a storage closet into a 3/4 bathroom and turning a sunroom and nook into 2 additional bedrooms.
The ap...
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I have purchased a 4 unit SFH. Have done significant renovations and improved the rents on the property. It was a cash purchase and am looking to refinance for as much back as possible. I was hoping for a discussion i...
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I have an $80,000 HELOC available to use to purchase or rehab a property.
I found an $80k property in my area that will require about $60k in rehab, and the ARV will be roughly $230k. Rent will be about $1700-2000.
...
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I have a questionI have property I just acquired and renovated with a Fannie Mae loan. I’m looking to cash out refi, but I have to wait 12 months of seasoning before I can do that. Does that seasoning period apply if ...
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Looking for any advice please. After 90 days of escrow, my lender said my loan would not get approved due to “lack of marketability” of the investment property duplex based on appraiser not able to find any comparable...
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Hello everyone I am wondering did the FHA rules change? because when I asked quicken loans about a buying a 3-4 unit and living there they tell me that FHA only does 1-2 units. of course I aruged this saying since the...
Hey!
I wanted to reach out and see if anyone had any experience getting a multifamily unit using an FHA loan.
Specifically,
1) How does the process work?
2) Do you find a property and pitch the “idea” to a bank?
...
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I'm looking to find out what strategies are working for upside down properties in undesirable neighborhoods. Especially those like the one here in Milwaukee, that have comps in the single digits(k).
Negotiating a ...
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Hello, my name is Walder. I am new to BP and real estate. I am trying to get a hard money loan to start with the BRRR method. I found Rehab Financial as one of the best hard money lenders in Philly, but I was wonderin...
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My husband and I are trying to accelerate our process in gaining multi-unit properties. We have two properties ( 1- 3 unit and 1-2 unit) in the Chicago area. Within the past year we gain another multi-unit property (2...