Hi all, I'm evaluating a triplex in the city of L.A. One of the units, a standalone house, has an unpermitted room, which was perhaps partly a garage conversion. In that room, they have a hot water heater in one corne...
Are 40 year Mortgages still in compliance with Dood Frank? I had a realtor contact me today in hopes that I could owner finance one of our properties to one of their clients. Their realtor was suggesting doing it on a...
A couple questions for whoever has answers:
1. Do the county loan limits go up annual, effective Jan 1?
2. If I was thinking of refinancing to pull cash out to the county limit, would it be better to do it soon, sin...
I am a new investor looking to purchase long term rentals. I am looking the best way to finance the deal. Are there any loan products that require less than 20% down or is that the minimum? Should I just focus on gett...
Hi All,I'm in the final stages of closing on my first investment property, a tri-plex in the midwest. I want this deal to work given the dynamics of it. However, things have gone awry the past few days:The MLS listing...
Hello, although we have about 600k to invest we are retired and the only income we have right now is a $1500 a month pension, we have good credit. Someone sent me a link to an article on November 20th, 2011 that said...
Hi everyone, I just purchased my first property in Westerly, Rhode Island. It is a 2 family and I moved into the second floor. I inherited the tenants on the first floor who were on a month to month lease. The tenant ...
Hi all,
I am looking at a property in the City of Chicago, that I am pretty sure was a five unit building and has been converted to three large units.
What is the most reliable source for verifying the number of leg...
Looking at purchasing a property that is a double duplex - 4 units, however the suites are not legal - electrical/heating is shared between the two units in each duplex, etc. It would be a huge project to bring the s...
Hi! I'm in contract to buy a 13 unit multifamily (1 non-confirming unit) in the Seattle/Kent area. Looking at the Kent Rental House Registration program. It seems that starting 2020 rental properties will have to be...