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Why are occupancy requirements for owner occupancy set at one year. Is this federally mandated, legal precedence or other reason? Please no guesses.
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Hi all, New member here and posting for the first time! My partner and I just bought our first property in Denver and we have a cottage on the property that we're going to use as a rental. We're debating whether or no...
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Hi All, I want to ask if buying a house as-is and buyer is responsible for Certifcate of Occupancy (COO). How will repair work out since this COO needs to be done prior to closing and even before loan is approved? I...
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Hi BP friends, I just bought my first rental property in Baltimore city. I bought it turnkey. It was rehabbed and its move-in ready. Besides registering it with the city and getting my lead certificate and registering...
Questions regarding Hubzu sale:1. If you won the aution, can you, on the purchase/sale agreement, put contigency to inspection of the property. (there is a box on their sample doc 2.19). Reading from above, it seem...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $30,000
Cash invested: $45,000
Purchased from HUD for 28,700 with another 15k invested. Home appraised for 135,...
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I am trying to determine whether to use the 504 Loan to purchase an office building. While I intend to use 51% or more for my business, I would like to know (from those who have experience with this type of loan) wh...
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Hey everyone,
In the summers, I am guessing most lakeshore Air BnB's in northern Minnesota have around a 90% occupancy rate. In the winters, if there are snowmobile trails nearby, winter events in the area, things l...
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Simple enough question asked by someone looking for insight. What is your typical or average percent occupancy (or vacancy, if you prefer) during your "vacation season". Please specify which. Thanks.
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I have a tenant who ive already served a notice to quit and I am waiting a hearing since October/November. She's month to month, lease expired before I purchased. Im evicting on the grounds of i want to occupy the uni...