What made you interested in investing in this type of deal?

Contact a local attorney who has experience in this type of thing.

What made you interested in investing in this type of deal?

We can typically close this type of loan in about a week.

If you qualify, you could close on the loan in days.Home 2 could be an option for a fix-and-flip as well, but you would have to have another residence because these types of loans do not allow owner occupancy.

There are 3 different types of units, studio, 1 bed, 2 bed.

These loan types allow you to do up to 90% of the purchase price and 100% of the renovations financed as long as you meet experience, credit, and LTC/ LTARV requirements based on an appraisal or virtual inspection.

Since the BK must be disclosed in any securities offering, you would not be able to be a partner in a syndicator/sponsor type deal9.

I just haven’t had much experience with underwriting those types of properties, so I’ll definitely need to dig into that more.If you have any advice or resources for underwriting smaller multifamily deals, I’d love to hear about it.

If you want a certain type of MF in a certain area, build a list, make some calls, you'd be surprised.