You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs.

The key to this is finding a HML that doesn't require access to the property for an appraisal.

Start by getting pre-approved for a loan, ensuring your credit score, debt-to-income ratio, and finances meet lender requirements.

Depending on how it is done and what guarantees the government offers and requires of the released entities, interest rates could move slightly higher.

Most if not all of these properties require SIGNIFICANT cap ex rehabs and conventional financing won't touch them; you'd likely need to go the hard money route at 10-12%, 2 points, 12-18mon turn around.

If you don't meet that 12 month seasoning requirement and/or want to hold the property under an LLC, a debt service loan may be a better option.

Most people think real estate investing requires huge capital, perfect credit, or bank loans—but that’s not always true.

Your interest rate, on a fixed rate loan, should remain unchanged and your mortgage should not be called due.However you should still confirm that this is the case with your lender (and read your mortgage commitment) out of an abundance of caution and because some loans and programs do require a longer seasoning period.

We have a few properties under development and need guidance on setting up our partnerships (including preferred returns, limited partnership structures, and capital contributions), complying with Virginia requirements, and possibly filing in multiple states.

It requires hard work, strategy, and a willingness to take on projects others might overlook.