FHA loans follow very strict guidelines when it comes to property condition.

Non conventional just means the loan will not be sold to Fannie/Freddie so they do not have to follow those rules.

I think a return on invested equity analysis outlining a few scenarios with my models would answer your questions. 

The equity doesn’t mean anything.

If he has a $5MM loan in place, what was that used for / is it coming due/ was it short term/ etc.?

I was just thinking today there was all this excitement about VA loan assumptions there for a while when interest rates started going up. 

If you are looking for a more laid back and roundtable type discussion of all things real estate, you are more than welcome to join us every Tuesday morning on Zoom or Thursday morning at Kairos Coffee where we discuss everything from assumable loans, to creative buying strategies, to landlord tenant laws and pretty much everything in between! 

That first deal after a break can feel like a big leap, but it sounds like a great opportunity.On financing, seller financing, private lenders, or portfolio loans from local banks could be worth exploring if you want alternatives to hard money.Excited to see how this deal goes for you.

Anything you buy here will EXPLODE in terms of appreciation/equity.

You may not be able to easily separate that property from the loan to make that happen. 4.