Many traditional banks won’t touch them, and even DSCR lenders will avoid them if the build out is done prior the securing long term debt. 

I have a few holds and have done over 50 Flips in the past few years. 

Prepayment penalties- usually 1-5 year terms.

Mostly on a long term scheduled with deferred maintenance. 

@Argel Algura.Congrats first on your last.year and how much you have accomplished in a short time period. 

I just spoke with my insurance agent and he mentioned that I am unable to hold a policy on a property that I do not own (Since deed will be transferred, I can not hold an insurance policy on the property), so how do I go about fulfilling my lenders insurance requirements?

With rates and lending terms constantly changing, I’d love to hear from those who have recently closed or explored a blanket loan.Which lenders are offering solid terms right now?

My goal for this deal is to purchase a cash-flowing multi family property to buy and hold.

So the first seller agrees to direct title to holds the funds and when you close on that purchase you record a new note for the first seller on the second home.

Does it make a difference for privacy (in terms of public records, so disregarding lawsuits)?