I posted in a related thread about condo conversions of two legal, non-conforming 4-plex's in Colorado. They are next to each other with separate legal descriptions.  I retained a land use attorney who researched the ...

Would you purchase a property in Chicago with a non-conforming or illegal unit? What are your exit strategies if an issue comes up? What are the insurance or legal risks? Would you purchase the property valuing it wit...

I am looking at a duplex listed in the eastside of the Seattle area.  The mortgage broker that I have been talking to stated that I since it is a duplex I wouldn't be able to get financing unless I had 25% down and I ...

Hello guys,This Sunday I'm going to see a 5 unit alone since my last flip 3 years back and yes I'm scared. Going out of my comfort zone and i love it! Anyways, I've ask for a few information’s in advance like what was...

I'm having a home built that I will live in.  After I put my 20% down, the loan is about $449,000.  This is, of course, higher than the $429,000 threshold for a jumbo loan.What are the best options here to try to avoi...

All, I asked a banker the other day what terms I could get on a hypothetical 8 unit deal, ~500,000 purchase price w/ 25% down. He said I would be in the 5.25%, 5 year term range and the loan would be conforming. This ...

Delayed financing allows a buyer the competitive advantage of an all cash offer, while then almost immediately refinancing into a conventional mortgage to return their cash.  Typically lenders call his a "cash out ref...

I am looking to get my first rental property. I own a house and rent to 3 friends - an electrician, a plumber, and a carpenter. I want to invest in a local foreclosure, fix it up, and rent it out. I am self employed a...

My first post so please be patient with my questions: property location is Dallas in NC
Found this 2 Acre parcel with 7 single family Units (one of them duplex) and a commercial garage on it with non conformance zo...

I'm looking to do a cash out refi on a property of mine in Chattanooga. I'm located out of state so don't have any local lender contacts. Hoping for someone experienced working with out of state investors. Doesn't nee...