Conforming vs non-conforming properties, do you know the difference? When purchasing real estate, whether it be a residential property, or an investment property, it’s important to know whether that property is defined as a conforming or non-conforming property. This week, Kevin and Justin discuss non-conforming properties. They describe what a non-conforming property can look like and some advantages to buying non-conforming properties. They also discuss some disadvantages to purchasing these types of properties, which can be important to know, especially when using the property to rehab and resell for an investment.
Have any questions concerning non-conforming properties and whether or not you should purchase one? Give us a call today! We’re happy to walk through any questions you may have, and of course, if you need a great lender to help you get through your next investment project, we’re here for that too! Reach out to us through our website http://www.pinefinancialgroup.com or through our Facebook page, http://www.facebook.com/pinefinancial. We look forward to hearing from you and helping you in any way we can!