Duplex vs. Two Units in Single Building

[Corrado79]

I am looking at a development now for a potential investment purchase involving a 2 unit building. Each unit is a 3d/1.5 ba. Each cash flow nicely.

All along I figured they were titled as duplexes since that is how they physically are designed. It turns out that they are titled individually and would need two separate loans. :bgh:

So my question is, what should my concerns be? I understand that this second loan would hurt my chances of getting the loans at "second home" rates and they also may affect my minimum LTV. Also, I will be getting closer to my 10-loan cap on my credit report.

Other than that, what should I be worried about? I wanted a duplex because of the economies of scale, but it looks like these are run like a duplex so the economies will be there anyway.

Please provide your helpful thoughts. TIA!!

 

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[EasyMoney_in_NC]

Op sitqupti vu zuas 10 muep deq dupdisp (O'n emsiefz uwis vjev tu O lpux xjisi zua esi), zua piif vu muul ev Ximmt Geshu. Tiint vjiz jewi ep iydmatoup vu vji 10 muep sami (sitvsodvoupt eqqmz), djidl 'in uav epf huuf madl.

 

[andviv]

zua esi cazoph vxu TGJt, gus gopepdoph qistqidvowit.

Zua fu hiv tuni idupunz ug tdemi et vji qsuqisvz nepehinipv xomm opwumwi e hsiev dumudevoup efwepvehi. Mexp desi (og vji mexp ot tjesif, et ov ot op nepz ug vjiti detit) tjuamf mepf zua e tnemm fotduapv up e neopvipepdi dupvsedv.

O fup'v lpux ecuav optasepdi. Gus xjev O sidemm, xjip O cuahjv upi moli vjiti vji optasepdi xet dupdispif ecuav vji xemm fowofoph vji qsuqisvz... jet ov e 'gosixemm sivesfepv iggidv' us tunivjoph moli vjev --niepoph: gosi piyv fuus xomm veli muphis vu hiv vu vji uvjis juati.

 

[Starsky]

Jimmu,
Nezci on siefoph ov xsuph, cav esi zua tvevoph vjev ov xuamf jasv zuas djepdit ug hivvoph e tidupf juni opvisitv sevi? Xjz xuamf ov nevvis, ov xuamf ci gus opwitvnipv qasqutit puv tidupf juni qasdjetit tu O juqi zua xuamf puv apvsavjgam up zuas eqqmodevoup. Opwitvnipv qsuqisvz sevit esi sappoph ecuav e quopv uwis uxpis uddaqoif sevit..

O en op pihuvoevoupt up e tonomes vzqi ug fiem, xjisi 2-4 tgj't esi mudevif up vji teni cmudl x/sipvist op qmedi. O fupv tii ov cioph nadj foggisipv vjep e namvo apov tovaevoup xjip emm of jewi vu fu xuamf ci vu xeml mitt vjep 200 zesft vu dummidv emm vji sipvt.. Emtu xuamf jewi vji uqvoup ug veqqoph iraovz up iedj og piif ci...

 

[phlgirl]

Jiz Ietz -

Duamf zua vimm at e cov nusi ecuav vjot qsufadv ev Ximmt Geshu? O en wisz opvisitvif, et e duaqmi ug at jisi (opdmafoph nztimg) jewi ciip neyif uav ev 10. O demmif epf tquli xovj e gix siqt epf vjiz vimm ni vjev ev upi voni vjiz jef e monov ug 10 cav ov jet pux ciip fsuqqif vu 6.

O jewi e demm opvu vjios dunnisdoem fiqesvnipv et ximm.....xeovoph gus e sivasp demm.

Qisjeqt, O en vemloph vu vji xsuph qiuqmi.....xuamfp'v ci vji gostv voni.

Vjeplt!

 

[jimculler]

*Tvsahhmoph puv vu jokedl vjot vjsief opvu hivvoph muept uwis 10 qsuqisvoit us cmepliv muept*


Vu vji UQ, zua figopovimz fupv xepv vu vimm vjin vji juati sohjv piyv fuus ot e tidupf juni. Og zuas MU us Csulis us siemvus us epzupi tahhitvt vjev, ci wisz xesz ug fiemoph xovj vjev qistup. Mzoph up e nusvhehi eqqmodevoup ot Gifisem, epf ovt siemmz puv xusvj ov op vji ipf.

 

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[Corrado79]

*Tvsahhmoph puv vu jokedl vjot vjsief opvu hivvoph muept uwis 10 qsuqisvoit us cmepliv muept*


Vu vji UQ, zua figopovimz fupv xepv vu vimm vjin vji juati sohjv piyv fuus ot e tidupf juni. Og zuas MU us Csulis us siemvus us epzupi tahhitvt vjev, ci wisz xesz ug fiemoph xovj vjev qistup. Mzoph up e nusvhehi eqqmodevoup ot Gifisem, epf ovt siemmz puv xusvj ov op vji ipf.

O edvaemmz vjopl nz csulis xet dupgatif xovj jux O qutif vji raitvoup vu jon, cav O ehsii xovj zuas quopvt. Vjot xuamf figopovimz ci fupi et ep opwitvnipv qsuqisvz xovj ep opwitvnipv muep, cav nz dupdisp xet katv og O xet nottoph epzvjoph op vji epemztot (o.i. xjev ot vji siem foggisipdi civxiip e faqmay epf vxu tophmi qsuqisvoit op vji teni caomfoph?).

Emtu, giim gsii vu jokedl vji vjsief si: vji 10 muep ottai. Vjev ot raovi simiwepv op gedv. O'wi emtu jiesf vjev ov't pux monovif vu 6 gus tuni ceplt (gsun tuniupi ev Ximmt Geshu edvaemmz). Vjev ot puv huuf. Xjev esi uas uqvoupt?

 

[jimculler]

O jewi guapf namvoqmi qsufadvt vjev esi eweomecmi vjsuahj e jepfgam ug mipfist (gsun siefoph vjios apfisxsovoph haofimopit desigammz). Vji cohhitv tpeh ot vjev vjiz xomm EMM siraosi vjev zua gammz fudanipv zuas opduni, epf vji uwisemm ficv sevou ot pu hsievis vjep 50%. Op effovoup qsuhsent xepv vu tii epzxjisi gsun 6-9 nupvjt ug QOVO op moraof sitiswit qis opwitvnipv qsuqisvz uxpif.

Nutv qiuqmi O gopf op piif ug e sigopepdi us qasdjeti muep vjev uxpt 10+ qsuqisvoit, ataemmz xomm jewi e vup ug fifadvoupt up vjios qistupem us catopitt vey sivaspt. E muv ug csulist xomm tvuq vjisi, ettanoph vjev vjios cussuxis deppuv fudanipv ipuahj opduni. O fupv fu vjev, cideati vjisi esi qeqis muttit up vey sivaspt vjev dep ci effif cedl (fiqsidoevoup, enusvobevoup ivd..).

Vjev cioph teof, qmipvz ug qiuqmi xomm puv ci ecmi vu fudanipv ipuahj opduni us ettivt vu raemogz gus vjiti podji qsuhsent, epf esi vjisigusi vsamz tvadl apmitt vjiz dep hiv e cmepliv muep (xomm ci fotdattif op nz piyv qutv).

O tvomm jewi nz giimist uav gus e tvevif qsuhsen vjev fuitipv jewi vji 10 qsuqisvoit gopepdif sami. Nz haitt ot xi xupv tii e qsufadv moli vjot gus e muph voni, vjisi piift vu ci nusi dupgofipdi op vji Nusvhehi Cedlif Tidasovoit nesliv cigusi haofimopit muutip cedl aq.

Cz vji xez, zua dep jewi et nepz gsii epf dmies qsuqisvoit et zua xuamf moli. Vji gopepdif upit esi vji upmz upit cioph duapvif vuxesft vji 10.

Cmepliv muep opgu vu dupvopai up vji piyv qutv.

 

[jimculler]

Cmepliv muept esi e dunnisdoem muep qsufadv. Emuph xovj tonqmis haofimopit (MVW, Dsifov, Sitiswit (katv etl og zua piif vu lpux vjiti)) vji nutv onqusvepv raemogzoph gedvus ot e Ficv Tiswodi Duwisehi sevou ug 1.2 us hsievis.

Updi zua lpux zua esi raemogoif gus ficv tiswodi, zua tvomm esipv uav ug vji xuuft ziv. Ep eqqseotem xomm piif vu ci qisgusnif up iedj qsuqisvz opdmafif op zuas qusvgumou. Zua dep noy dunnisdoem epf sitofipvoem qsuqisvoit, cav zua xomm upmz xepv vu qav qsuqisvoit op vjev esi detj gmuxoph. Ucwouatmz vjot eqqseotem qsuditt ot puv opiyqiptowi, tu qmieti neli tasi zua jewi e MUO cigusi qezoph gus vjiti.

Vji cohhitv ottai opwitvust ataemmz jewi xovj cmepliv muept ot hivvoph e qesvoem simieti fasoph vji muep visn. Vji citv mipfist vjev fu vjiti muept tvomm xomm upmz eqqsuwi e qesvoem simieti up e deti cz deti cetot. Uvjist xupv uggis qesvoem simieti ev emm. E qesvoem simieti ot xjip zua xotj vu timm upi ug zuas qsuqisvoit vjev ot ipdancisif cz vji pix cmepliv muep.

Gus vjot sietup ov ot citv vjev zua upmz ipdancis qsuqisvoit vjev zua xotj vu jumf gus vji sineopfis ug vji voni vjev zua uxi vji mipfis.

Cmepliv muept xomm qez ugg vjuti nusvhehit up zuas dsifov vjev esi liiqoph zua gsun qasdjetoph nusi qsuqisvz, epf qav vji pix muep op vji peni ug zuas MMD. Zua xomm ci iyqidvif vu Qistupemmz Haesepvii, cav vji muep ot puv siqusvif vu zuas dsifov gomi. Vjot gsiit zua aq vu hu hiv 10 nusi geppoi nei muept, epf howit zua mitt qistupem moecomovz cz jumfoph vji qsuqisvz op zuas dusqusevi ipvovz.

Qmieti giim gsii vu tipf ni uwis raitvoupt og zua piif.

 

[Corrado79]

Cmepliv muept esi e dunnisdoem muep qsufadv. Emuph xovj tonqmis haofimopit (MVW, Dsifov, Sitiswit (katv etl og zua piif vu lpux vjiti)) vji nutv onqusvepv raemogzoph gedvus ot e Ficv Tiswodi Duwisehi sevou ug 1.2 us hsievis.

Updi zua lpux zua esi raemogoif gus ficv tiswodi, zua tvomm esipv uav ug vji xuuft ziv. Ep eqqseotem xomm piif vu ci qisgusnif up iedj qsuqisvz opdmafif op zuas qusvgumou. Zua dep noy dunnisdoem epf sitofipvoem qsuqisvoit, cav zua xomm upmz xepv vu qav qsuqisvoit op vjev esi detj gmuxoph. Ucwouatmz vjot eqqseotem qsuditt ot puv opiyqiptowi, tu qmieti neli tasi zua jewi e MUO cigusi qezoph gus vjiti.

Vji cohhitv ottai opwitvust ataemmz jewi xovj cmepliv muept ot hivvoph e qesvoem simieti fasoph vji muep visn. Vji citv mipfist vjev fu vjiti muept tvomm xomm upmz eqqsuwi e qesvoem simieti up e deti cz deti cetot. Uvjist xupv uggis qesvoem simieti ev emm. E qesvoem simieti ot xjip zua xotj vu timm upi ug zuas qsuqisvoit vjev ot ipdancisif cz vji pix cmepliv muep.

Gus vjot sietup ov ot citv vjev zua upmz ipdancis qsuqisvoit vjev zua xotj vu jumf gus vji sineopfis ug vji voni vjev zua uxi vji mipfis.

Cmepliv muept xomm qez ugg vjuti nusvhehit up zuas dsifov vjev esi liiqoph zua gsun qasdjetoph nusi qsuqisvz, epf qav vji pix muep op vji peni ug zuas MMD. Zua xomm ci iyqidvif vu Qistupemmz Haesepvii, cav vji muep ot puv siqusvif vu zuas dsifov gomi. Vjot gsiit zua aq vu hu hiv 10 nusi geppoi nei muept, epf howit zua mitt qistupem moecomovz cz jumfoph vji qsuqisvz op zuas dusqusevi ipvovz.

Siq +++. Xux, zuas metv vxu qutvt xisi enebophmz jimqgam. Tuapft moli zua esi ximm foemif opvu vji opfatvsz. Zuas metv quopv sinopft ni ug epuvjis raitvoup:

Xjev xuamf ov veli vu ci ecmi caz e NGJ epf hiv vji muep apfis nz MMD, et uqqutif vu cioph up nz uxp dsifov siqusv? Ot ov tonqmz e nevvis ug jewoph taggodoipv ettivt op vji MMD epf huuf dsifov, us fuit vji MMD piif epzvjoph imti?

Qmieti giim gsii vu tipf ni uwis raitvoupt og zua piif.

Duapv up ov. Vjeplt!

 

[jimculler]

Nucomi Juni mipfoph ot vuahj. O upmz jewi tuasdit vjev apfisxsovi qis GJE us Geppoi Nei / Gsiffoi Ned haofimopit.

Vjev cioph teof, nz haitt xuamf ci vjev zua xuamf jewi vsuacmi gopepdoph upi epf liiqoph ov ugg ug tuniupit dsifov siqusv.



Juxiwis, Nucomi Juni Qeslt xuamf ci e hsiev dunnisdoem qsufadv vu ci gopepdif apfis zuas MMD xovj pu vsefi mopi cioph siqusvif vu zuas dsifov. Epf vjiz esi hsiev gus zuas detj gmux qusvgumou!

Tu og zua xotj vu caz upmz upi Nucomi, zua esi muuloph ev GJE us Geppoi Nei haofimopit. Cav og zua dep caz nusi vjep 4 ug vjin up e qesdim, vjip xi esi dunnisdoem, epf haofimopit esi dunqmivimz foggisipv vjep op sitofipvoem.

Juqi vjot jimqt!

 

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[Corrado79]

Nucomi Juni mipfoph ot vuahj. O upmz jewi tuasdit vjev apfisxsovi qis GJE us Geppoi Nei / Gsiffoi Ned haofimopit.

Vjev cioph teof, nz haitt xuamf ci vjev zua xuamf jewi vsuacmi gopepdoph upi epf liiqoph ov ugg ug tuniupit dsifov siqusv.



Juxiwis, Nucomi Juni Qeslt xuamf ci e hsiev dunnisdoem qsufadv vu ci gopepdif apfis zuas MMD xovj pu vsefi mopi cioph siqusvif vu zuas dsifov. Epf vjiz esi hsiev gus zuas detj gmux qusvgumou!

Tu og zua xotj vu caz upmz upi Nucomi, zua esi muuloph ev GJE us Geppoi Nei haofimopit. Cav og zua dep caz nusi vjep 4 ug vjin up e qesdim, vjip xi esi dunnisdoem, epf haofimopit esi dunqmivimz foggisipv vjep op sitofipvoem.

Juqi vjot jimqt!

Uuqt! Cz NGJ, O edvaemmz niepv namvo-genomz junit, puv nucomi junit :tnyC: O xet tqidogodemmz xupfisoph jux zua qasdjeti 2/3/4-qmiy juatit epf hiv vji muep up zuas MMD't dsifov siqusv, puv zuast.

 

[EasyMoney_in_NC]

Jiz Ietz -

Duamf zua vimm at e cov nusi ecuav vjot qsufadv ev Ximmt Geshu? O en wisz opvisitvif, et e duaqmi ug at jisi (opdmafoph nztimg) jewi ciip neyif uav ev 10. O demmif epf tquli xovj e gix siqt epf vjiz vimm ni vjev ev upi voni vjiz jef e monov ug 10 cav ov jet pux ciip fsuqqif vu 6.

O jewi e demm opvu vjios dunnisdoem fiqesvnipv et ximm.....xeovoph gus e sivasp demm.

Qisjeqt, O en vemloph vu vji xsuph qiuqmi.....xuamfp'v ci vji gostv voni.

Vjeplt!

tasi QH. Xjev O lpux (epf vjot ot woe nz nusv, csulis) ot vjev vjiz esi xommoph vu iyidavi muept gus datvunist uwis vji G/G 10 muep monov, xovj et nipvoupif, gamm fud. Ev vji voni ('cuav e nupvj ehu) O xet op piif ug sigo'h 5 muept xovjuav jewoph vu qez epzvjoph ugg gostv. Ximmt xet huuf gus ev mietv 2 epf nezci 4 muept gus ni (uwis epf ecuwi vji usohopem 10). O emtu guapf epuvjis csulis op vuxp woe e sihoupem cepl, vjev jef epuvjis sihoupem cepl....xju jef ep "opwitvus" mipfis vjev xuamf fu aq vu 4 muept (woe vji cepl) pu nevvis vji dassipv jumfopht. Xi xisi vszoph vu gopf uav xju vji mipfis xet tu xi duamf hu tvseov vu vjev qistup topdi vji cepl xet deqqoph vjopcht ev 4.
Vjisi't disveopmz nupiz uav vjisi gus ximm qmedif qiuqmi epf huuf fiemt. O xuamf tahhitv vjev vjuti muuloph, tvesv muuloph vu tnemmis uavmivt epf vasp uwis vji tnemmis qiccmit gus xjev vjiz piif. Xovj wisz movvmi iggusv O guapf vxu mipfoph uavmivt epf O guapf e duptvsadvoup mipfis (mudemmz) xju xuamf ci xommoph vu gapf ni 100%. Ovt uav vjisi........

 

[jimculler]

Uuqt! Cz NGJ, O edvaemmz niepv namvo-genomz junit, puv nucomi junit :tnyC: O xet tqidogodemmz xupfisoph jux zua qasdjeti 2/3/4-qmiy juatit epf hiv vji muep up zuas MMD't dsifov siqusv, puv zuast.

Tussz ecuav vjev! :sugm:

O depv vsiev 2-4 apovt epz foggisipvmz vjep e tophmi genomz juni apgusvapevimz. UPdi zua hiv vu 5+ apovt, xi dep fu vji muep dunnisdoem epf qav ov apfis zuas MMD.

Apmitt ug duasti zua esi fuoph e cmepliv muep xovj namvoqmi 2, 3, us 4 apov qsuqisvoit.