Acquisition, storm damaged coastal house

[Brenda Whittaker]

I would give anything to be able to renovate this one.  Traveling to the area next week.  Generally if a project with acquisition and rehab costs around $200K and is an investment project, and the borrower does not qualify for conventional financing, to what extent can the property qualify and should I expect to have 25% of the purchase price for a down payment?  If I borrow the down I understand I cannot get funding because the down is borrowed?  The reason we procrastinate is because the numbers are so daunting.  Like how do I find that down payment, the rehab money, and how do I figure that cost in if I dont know where to get it or how much the money would cost.?

[David Faulkner]

I understand your concerns ... investing in beachfront property in Arizona can be a risky venture.