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Property Q&A in Arden Hills : Real Estate Advice

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Activity 2
Fri Feb 24, 2017
Jeffheinsohn asked:
Shoreview MN They been using it as part of their lawn, and as access to an easement that borders both our properties.
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Mon Feb 13, 2012
311hemi answered:
I am working with a lender and talked with them again this morning to verify some of the details. They verified that as of now I only need 1 year of history based on Fannie/Freddie requirements, basically rendering the property a rental (I will have out of the house for a year). I was also told I will need 6 months PITI for both my current property and the new property since I don't have 30% equity in the house. We are assessing the numbers to see if this will work.

Thanks for all the input, and Kirk I did listen in on your show. The spreadsheet you developed sounds interesting.
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