I want to buy a 2/2 townhouse in IL., but I have a HOA question, (especially Il. resident experts)? Do HOA's have legal authority to restrict, by % or number, units that can be rental and insist that a sale be only ow...
I would like to know the law or if no law what is considered reasonable or max amnt of people to rent to. I have a 1600 sq ft rental single family home in Bolingbrook, Ill. Any rule of thumb for that? Thanks!
Hi everyone,My dad, brother, and I bought a two family home and have every intention with moving into the 2nd floor within 60 days of closing. However, it is a 5 bedroom apartment. Can we rent out the other 2 bedrooms...
Property is listed for 244k. However, a lot of people are interest in this property. I will really like some help on what may be a good bid offer!!! I was thinking 250k due to people showing a lot of interest and also...
I am interested in purchasing a fourplex with a 3.5% down, FHA loan. Currently I am in grad school and attend school out of state to where this property is located. I spend about 6 months in St. Louis (where this prop...
Hello BP,I would like to find a low down payment loan program of 5% for a 4 unit owner occupant loan. Does anyone know of a program I would qualify for understanding my following situation? I currently own a duplex w...
In New York City, I have seen foreclosed condos under market, but have rent stabilized tenants paying about $800 or similarly ridiculously low rents. My question is if were to buy such a property, what are my rights a...
Hey BP!I am in the middle of closing on my first deal. It was formerly a large single family that was changed into a 2 family. We are pretty much at the end of the process. Inspection done. Mortgage is approved. Title...
Throwing out ideas to increase occupancy…
What if you were one of the only hosts to offer free food delivery in the form of gift cards or coupon codes at a time when no one wants to go to the grocery store and they H...
Hello,I’m currently exploring options with my agent and lender for purchasing a duplex as an owner-occupant. What makes this situation interesting is that I cannot reasonably move into the residence within 60 days, un...