23 August 2022 | 15 replies
She was actually the one that told me we need a lease agreement setup to show the current home will no loner be our primary residence but we didn't know we needed a deposit from the tenant.Generally you will need a lease and deposit (lender depending) for your departing residence. you can only use a FHA loan if you do not currently have one and the new primary residence is 100 miles or further away from departing residence.
24 August 2022 | 3 replies
I would talk to the town building department and planning departments and see what would be needed to allow that to happen (sometimes there are egress requirements, etc).
25 August 2022 | 19 replies
My phone goes into DND mode after 9AM so I wouldn't have known about this until the next day.One time there was a water leak, when the tenants couldn't reach me they called the fire department and they came out and turned off the water.
25 August 2022 | 4 replies
Dear moderator and fellow investors,I would recommend splitting the forum into two forums: small multi-family forum and large multi-family forum.These are two completely different animals in almost every aspect (underwriting, financing, management, working with brokers, etc.).
5 September 2022 | 5 replies
Based on feedback from the zoning department I'll need a scaled site plan showing the placement of the structure on the lot and the location of required parking.
27 August 2022 | 14 replies
Most probably don't really have a warranty department like a big production builder does.
2 September 2022 | 7 replies
Lighting for arriving and departing guests9.
26 August 2022 | 2 replies
So, for example if your debt to income ratio is 60% now, where most lenders will not go above 45% or 50%, we might be ok with the deal as long as when you do rent your departing house you will be under that 45% for example.
28 August 2022 | 4 replies
Dear BP Community, Originally from Belgium, I moved to sunny Miami some weeks ago to pursue my degree.
29 August 2022 | 3 replies
You might consider speaking to to the City's zoning and building departments where you are located first and confirm whether zoning, setbacks, density, and other requirements will permit you to do this.