With countless loan options, complex terms, and strict lending criteria, it’s easy to feel overwhelmed.

The sale failed and he still owns it.One of the potential solutions is to use an SBA 504 loan for the real estate. 

Converting properties to multi-family is considered extensive rehab and those programs are a little more exclusive than the standard bridge loan programs. 

Mfh is an unfair game because you need a partner to help you with the experience question when getting a commercial loan.

But if you're able to figure it out and get it built, you can rent out the units and essentially BRRRR it and pull some/all of your equity out to repay your debts, yourself, and potentially keep the investment cycle going. 

My belief is that you will be challenged to realize a 10% savings loan n your first effort and there is some chance it will cost more than if you used a GC.  

Our area has a good selection of hard money lenders, and every now and then, you might find an owner willing to carry the loan, often at attractive rates.

So if I understand, you would get a loan the normal way and then the bank trust is an extra fee that comes along with owning the property in Mexico?

If the interest rates go up to around 7% again do the numbers still work for the remainder of the loan? 

I want to purchase an investment condo for $150,000.I want to get Heloc loan from my other investment condo for $50,000 and use it as downtown payment for this condo.Can I get a 30 year fixed conventional loan for $100,000 and use $50,000 for down payment from heloc?