Stephanie Gomez Cook
Certificate of Occupancy - CA
I just purchased a property in Loma Linda, San Bernardino County with the intention to rent out the rooms in the house. I was doing some research on California Tenant Law and came across something interesting. Do any ...
Sam Bromano
204k loan owner occupied?
When obtaining a 203k rehab lawn how does the bank know you’re actually going to occupy it? Do they come and check?I’m looking at a rental property purchase that is a short sale and requires cash only or a rehab loan....
Jamie Ross
Is Financing a mixed-use (Zoned R2) Property different?
I have a property under contract, but the underwriter at my hardmoney lender indicated that since the bottom unit has most recently been used as a commercial property, that the appraiser will want to classify the prop...
Stefano Mannino
Business line of credit
When trying to obtain financing for an investment property , can I use my business line of credit for a down payment on a mortgage ? Also if a seller is looking to hold a 15% note on a property , how do I structure t...
George Diakomihalis
FHA lending assistance
I will be receiving a substantial amount of money into my bank account via a gift from the sale of a family business. Unfortunately, I didn't know that I had to show more money than I earned. I know that i'll have som...
Mo Sammy
Bought home with 10% down (conventional), want to buy another home with conventional 90 days from first home?
I bought a home with 10% down using a conventional loan. It was owner-occupant deal from the bank (not FHA). I have lived in this home for about a month or so now, but found a better property 10 miles away - and I wou...
Jerry Padilla
Foreign Investors in the USA and Getting Approved For Conventional Financing.
Here are Guidelines for Getting Approved for Financing. I hope you find this helpful, as I get many questions on Foreign Investors and Getting Approved For Conventional Financing. NON-U.S. CITIZENS Social Security Nu...
Ali Farhat
Can someone guide me how to obtain license to convert basement into apartment?
Hello,
I have a basement that is 1700 sqftin a multi unit building . Basement unit fits 3 bed 2 baths. Building sits on a corner and all basement windows are above ground. It is a beautiful place I bought a few years...
Zachary Sales
50% Rule vs. Applying Percentage for Expenses
When analyzing deals, is it better to apply the 50% rule to a deal, or go through and apply a certain percentage of rent to anticipated expenses, being Vacancy, Maintenance, Capital Expenses, and Property Management? ...
Andrew Cobb
Credit
What can I do to buils my personal credit score and build a business credit score as quickly as possible in order to obtain a large business line of credit?