I am managing a nice little four Plex with the opportunity to buy. It rents easily and has several long term tenants. The price and return are well within my goals. I have questions. The building was built in 1978. Re...
I was wondering if there are non-GSE LTV mortgage options available that would permit projected short-term rental (STR) income to count at the projected cash-flow on the debt service coverage ratio? I have had demonst...
Tldr- Looking for advice or expertise on getting a 90/10 loan on legal non conforming owner occupied property. Bonus points if you know solutions in Colorado Springs.
Long story - under contract on a legal non confor...
I'm going to look at a legal non-conforming two flat in a suburb just outside of Chicago. I looked up the zoning map for the particular city and it is zoned in a single family residence area. What do I need to watch o...
I recently purchased a 3 unit house in Providence RI, fully vacant.
With the newly passed lead laws, the state seems to be getting much more strict about demanding landlords have a Certificate of Conformance for lea...
Hi my name is Joe and I'm new to biggerpockets. I'm buying my first house which is a 2 family house and I'm very excited, but I do have a concern. I just got my appraisal back a Hi my name is Joe and I'm new to bigge...
High Balance Conforming Mortgage Seasoning?
For high balance conforming mortgages (rate/term) are there any seasoning requirements?
There is a lender that is telling me that there is a 6 month limit from the close...
We're under contract to buy a 20-unit apartment complex. It's a legal non-conforming property. The zoning is single family residential. We're trying to get it rezoned as multi-family but we're getting pushback from th...
I'm looking to purchase a property in Orlando, FL with a detached garage. That I would like to turn into an ADU. The property is considered non-conforming do to its size so I would have to get a variance with the city...
I am new to these forums and to the real estate investing world… I recently acquired a single-family home that's a non-conforming duplex. The previous owners paid all utilities for both tenants and included that in th...