One of the requirements is no refi for 3 yrs. http://www.healthyneighborhoods.org/buyandrenovate...

What are the obligations of a California SFH family of owners who rent the attic (which is one big finished bedroom with private bath) out to a single man who went missing the 2nd of the current month we now find out he was pulled out of his rental car and extradited from California to New York on a warrant out for his arrest for a DUI accident that happened 2 years ago.Details of the accident not that have a keen interest but for what its worth will share his story: victim, a retired man, who sustained a brain injury 2 yrs ago from that incident, has apparently taken the turn for the worst and decided to press new charges for new medical costs and decline in mobility/quality of life, stress, anxiety etc for the accident 2 yrs ago which insurance paid out but victim wants the settlement amount (175k) a second time over? 

Flipped the one house and had to move into my rental and at 20 yrs old I couldn't find any financing anywhere so My investor career was put on Pause as was the same for a lot of people around me.

@Matthew Spiers If you don't have 2 yrs of consistent earnings then its not going to be possible to get a conventional confirming loan.

real estate 25 yrs plus I just got a response from one local lender will see him Wednesday and another out of state broker will keep you posted.

So you will not need much cash out of pocket.Of course this all assumes that you have been working as a realtor for at least 2 yrs and have a steady income to qualify for a conventional mortgage.PM me if I can answer specific questions.Upen Patel, Mortgage BankerFederal NMLS# 1374243

Im 59 yrs old with no retirement fund.

The loan is attached to the property taxes and is paid back over 20 yrs. 

I have 28 yrs experience with flips, and buy n holds.. primarily focused on buy n holds in ft.wayne indiana

@Peter Lee For residential investment loans, you have to wait for 7 yrs from the date of your foreclosure.