Luis Angel Lopez
FHA loans on condos
so I'm currently looking at a Condo and I was pre approved for an FHA Loan of 135k and the condo is 95k can I use my FHA loan to get the condo?
Matthew Rubsamen
Apartment Developement
Good Day Bigger Pockets. I am working with a group of investors and we are considering building an 18-Unit apartment complex. I have done the math as it relates to condominiumizing the project and selling it off - BUT...
Alexi Echarte
Florida Lease / Rental Law: Tenant Disturbance
Good Morning BP, Let me start by saying this is in Florida for reference to Florida Law. I have tenants (young couple) in my condo who have caused a disturbance to other neighbors in the complex. The disturbance lead ...
Aaron So
Condo investment property warrantable loans question
Hello everyone,I'm in California and I own a condo as an investment property that is part of a 3-unit condo with an HOA. I rent my unit out and the other units are owner-occupied. Right now all of us are fine since we...
Ecaterina Katerina Morosan
HOA and Fannie Mae/Freddie Mac New Addendum
As of March 2022, a new addendum was added to the loan approval questionnaire as a result of the Surfside condominium collapse in 2021. The associations must answer questions about structural issues, pending litigati...
Victor Webster
Purchasing Condos
My background is in commercial real estate. The only residential property I own is my house. I am a bit apprehensive about diving into residential so I want to start off small. Is there a rule of thumb that you use wh...
Chris G.
Condo Leaking Into Unit Below Who's Responsible
Manage unit at condominium on the 3rd floor, the owner/ resident below on the second floor says every time the tenant takes a shower in the guest bathroom it leaks on their ceiling and causes water damage. Spoke with ...
Rik Chatterjee
Portfolio of Condos - What to be aware of?
Hi,
I am looking at buying a few condo units (<10) within the same Condominium complex. I am hoping I will be able to reap some benefits of scale because of that. What are the pitfalls? What should I be aware of?I...
Nataly S.
One apartment complex - 8 owners!
Has anyone ever tried to buy one apartment complex that was split amongst various owners? If we persuade them to sell, any ideas on how to structure such a deal?
Adam Garcia
Any way to get around conventional loan investor guidelines?
Hello, I am in the process of buying a condominium as an investment. It would be my second unit in the same complex.I was financing the deal through a conventional mortgage lender but the deal fell through when the Co...