John Shoup
Portfolio loan preventing Fannie Mae loan
Do we have any underwriters that can help? I have zero mortgages in my personal name, but I have a portfolio loan under my sole owned LLC, in which I'm NOT a personal guarantor. Because I have "ownership interest" ...
Lena S.
Do you charge extra for additional people in your apartment?
So, we are in looking for new tenants and receiving many calls and interest about our apartment. Our perfect scenario would be family with kids, we are going to rent 2 bedroom and 1 bath 900 square feet for $1,100. Sh...
David Burgraff
Using FHA financing for a flip
I'm wondering what the community thinks about trying to flip a home with FHA financing but never moving into it. Am I legally allowed to purchase a home with Owner-occ financing, never move in, fix-up and sell? Then ...
Spencer Speckles
Reasons to apply for commercial zoning exception or variance
I have a property in the central business district (C-1). I’ve been trying to lease the building for several years and have not been successful. Here’s my problem: the available space is at street level and the permit...
Brian Dalton
Buyers lender wants our HUD
My wife and I are under contract on a flip we purchased last summer. The buyer's lender, Wells, wants the HUD from when we purchased the property. Our lawyer has been pushing back as there doesn't appear to be any leg...
Dylan Cadet
Can I live in an illegal unit to meet the residency requirement?
I haven't been able to find the answer to this online. So I'm hoping someone here might know. Does the residency requirement for primary housing require living in a legal unit? In Chicago, there are quite a few buildi...
Shane Moss
Only one property - Can DBA end with the plural "Investments"
Hello Everyone,
I'm new to this forum (my first post) and new to investing in real estate. I'll have many questions soon, but I'd like to ask a simple one first.
I'm on the cusp of acquiring my first property wit...
Ryan Billingsley
Occupancy permit for 2 but room for 4.
We have a 1/1 single family rental that we are advertising for rent. We have a family of 4 that is interested in moving in. They are a couple with 2 small children. Our rental is actually a 2/1 but the 2nd bedroom ...
Junior Shay
New to property investing (Rentals). Need suggestions
Greetings,I’m currently looking to purchase some properties in order to rent them out. My main concern is rules and guidelines to follow, which I’m not familiar with. So how does the whole system work? Do I need to ge...
Melanie Middien
Convert a two bedroom into a one bedroom and a studio for rental?
Hello, I have a duplex (one is a two bedroom) and the second is a gutted two bedroom which I am considering turning into a one bedroom and a studio. My gut tells me that it will be more profitable as a rental and for...