Codes
I have found a duplex that is currently for sale, and I believe it has been for sale for some time (2-3 years) I am interested in the property but I have found that the upstairs apartment only has one exit. It this a problem, is there codes that would make me make another exit? Could this be the reason it has been on the market for so long?
My other question is, how does someone go about getting a loan for a property for investing? Do you go to a bank and tell them you are interested in a property for rental? Does the bank take into account the rent income or only your income?
And if they only account for your income, how does people that make a living on rental income get loans for houses?
Thanks for everyones help!
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