If you buy as investment fix and flip then you have to go hard money or Alt A then the rates would be higher. should not matter whether you are out of state or not we deal with many out of state borrowers. the normal practice is go hard money get the property stabilized quickly and then refinance out to a landlord product if you are buying and holding Jerry  

I always wondered why folks would get surveys on properties I was dealing with in Texas.. because we simply NEVER do that here on the west coast.. except larger acreage type deals and maybe.title insurers want the surveys so they can insure no encumberances.. but those are usually ALTA policies.. my stuff in Charleston being very old plats IE from the 1600 to 1700 all of those have something going on .. so survey is required for title insurance.

Evidence of Title is to be in the form of an owners ALTA (American Land Title Association) policy.8.

You will know if the buyer is responding to title communications and/or signing the 3 day alta / loan disclosures and you can have your agent prepare to launch another open house the following weekend and/or do another “highest and best”.

Now, double closings, using your buyer's money in escrow to close your purchase is also illegal, understand the ALTA regulations and state laws concerning escrow accounts.Sorry you wasted time and probably money trying to learn from gurus who sell courses.

This is probably a broader question, but it really relates to some things like the appraisal, you may have to pay $5,000 for an appraisal, $3,000 for the phase I environmental report, $2,000 for an ALTA survey, you may have a nominal application fee: it all depends on your loan size,For commercial investments in industrial in 2022, they're very hot and heavy, so I don't think borrowers have to spend much for upfront fees.Do I get a copy of my lender reports?

Covered risk 9 in the standard ALTA owners policy protects a subsequent buyer in this scenario, but it would not protect HUD who would be dealing with exclusion #4.

If you are looking to pay cash, and use delayed financing, here is my suggestion:If you include on your closing statements (which vary state to state - HUD-1/ALTA statement ) the renovation costs - and have them charged at closing......

Alta/Pasa on the other hand isn't enjoying quite as much development but it has historically been stable and affluent.

A local attorney who specializes in commercial might help.How do you know about title exceptions, ALTA level one survey, site inspection, phase one environmental,appraisal, service contracts, loan covenants,leases, property management agreement, estoppels & snda's, association dues, ccr's,etc.??