Originally posted by @Lane Kawaoka:Nick McCandless Andrew B.

MLS 525k Was original list and I got paid my RE commission How did you finance this deal?

And the ones that were originally built have been renovated to become a SFH.

He ended up having to sell the home instead of renting it out, which wasn’t part of his original plan.

Borrowers are not allowed to complete any of the work themselves as sweat equity.Loan to Value Calculations:The original principal amount of the mortgage may not exceed Fannie Mae’s maximum allowable mortgage amount for a conventional first mortgage.Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation:There are no required improvements or restrictions on the types of repairs allowed.

I already have an LLC that I originally set up as a business entity to facilitate managing, overseeing, and expanding my real estate ventures.

Since the LLC doesn't own the rental you're missing out on the asset protection that was originally intended.

Originally posted by @Daria B.

Originally I was planning on buying a multi family in the area I live in, but after reviewing my lease, I’ve found that I really can’t break it and I have 8 months left on it.

I originally started as 80% LTV and 12% + 1 point with 3 month prepay penalty