I just completed a HUD package and an addendum was included to acknowledge that the sales price was above HUDs appraised value even through mine was well below.

Right now, there are 3 4-plexes in my market that can be bought as a package for around $400,000. 2 of them are brick low-rise buildings with separate utilities.

When you overnight the package do it by UPS not USPS.

I'm buying a foreclosure for $84K, ARV should be $125-$130K based on comps, maybe a little higher based on quality and condition. 3/2.5/2 1720 Sq Ft, 1988 construction.The loan package consists of a 6 month IO construction/rehab loan where they will loan me 75% of estimated ARV now, then refi into a 30 yr fixed when work is complete.The ARV is determined by the appraiser based on comps and based on a list of improvements that I intend to make.

There are some advantages to this:1) Complete control of the property2) Better Multi-family loan terms3) Attractive package to sell to a develeoper/rehaber down the road to sell back as Condos some time in the future.I'd like to hear any comments as to the pros and cons of a deal like this and any experience others have had.Thanks in advance!

Stan Love talked about his business model of buying land/home packages then renting them out.

You might want to send a 'package' and include background about yourself and recently completed deals.

Personally I run away from pre-packaged products and turn-key investments.

I was looking specifically at nevada to form my LLC and get a DBA because they dont have other licenses, tax ID #s and whatnot that are needed I believe.I got a UPS box, 1800#, voicemail, business phone, domain and hosting.Tomorrow Ill order businesscards, signage, form the LLC+DBA, register a EIN, look for a VA, make social media profiles, buy seo packages off fivver and call the bank to see whats needed for a account for this new venture.Am I forgetting anything major?

The actual loan documents are a template that are exported off to the title company with your information in them. 30 seconds later, they will send the same package to another title company for another borrower.