Ernest Ho
Restricting usage of Basement
My rental property has a basement. It is not habitable with low ceiling and narrow/steep stairwell. Hence in my rehab, I have put in a door that I intend to lock and not provide access to tenant. I understand ther...
Itay Peer
HOA restrictions and fees
Hi, I plan on buying a property that potentially has HOA:
1. How can I find out the exact HOA monthly amount? Seller says the HOA is $200 annually, but I don't want to be surprised after the acquisition with a highe...
Michael Farkas
Fannie investment loan restrictions
So, I read earlier that Fannie is going to restrict second home and investment loans to 7% of the total portfolio. Calling all of the financial gurus on this one ... how will this affect BRRRR? Expanding a portfolio...
Robert Madison
Fannie mae restricting investors
Was in the process of purchasing a investment property and the residential bank notified us of the new policys that were put out last Friday restricting residential loans from 3.2% to 7% for investors.
anyone kno...
Johnny Quilenderino
Lending restrictions on Multi's??
Team BP, I just got off the phone with my local lender just checking in to see how things were going down south and they informed me that they restricted their lending to multi-family!!! Anything, that requires commer...
Sebastian Heretyk
COVID restricting refinance-cashout?
I am finally close to closing a deal for a flip, however my main focus for investing is BRRRR. I just spoke with a bank-lender and the finance agent said that from the start of COVID-19 banks do NOT offer re-finance-C...
Lisa Monroe
Fannie Mae Deed Restrictions
Hi Everyone,
I know there has been many threads on this 90 day flip topic but I would like to know if this deed restriction applies to buyers using a FHA loan only or anyone.
For instance, I wholesale a property to...
Patrick Britton
HOA and rental restrictions
Hi,I'm the listing agent for a condo whose HOA is making a rather unusual demand. They are "requiring" that all sales be made to owner occupants only, no more investors, no more landlords. Normally, if in the condo'...
Rashad Gibson
Penalties for Rental Restriction
I am attempting to rent out my townhouse that used to be my primary residence. However, it's under a HOA. I'm not sure that I can rent out the property because of possible rental restrictions. I do not remember seeing...
Lucas Rowell
Short Sale hold restriction
Hello and Happy 2020 Bigger pocket family!!I have a property under contract to purchase that is a short sale, and looking at several more. My question is the "90 day rule" before resale is that universal on short sale...