The underwriter for a HML company has a list of required due diligence that needs to be collected before a loan can even be submitted to the asset management company or hedge fund they partner with for approval – meaning it could take a few weeks to close if you can get your broker the required docs (it’s usually referred to as the conditional approval process).

Some of the highest charges in the country even with no water leaks.

If you have excel, google docs, or Open office on your IPAD, and are hesitant about that deal on your prospected property, run it through this template and find out what your COC-ROI will be year end.   

Yes there are options upto 80% cashout with no seasoning as long as it is rented and cash flowing even or better . no income no doc .

In situations like these I had to print the docs, physically sign them, scan the signed docs, then email back to them.   

He says it can't be a leaking duct in basement  because then we'd get no heat on main level. 

They will often ask for the following: Itemized construction budget Corporate Docs (if an LLC) Evidence of cash available

The occasional basement leak, which is common in my areas in all houses and has a floor drain.  

I do have the conversation of the phone call  where she agreed to subject to and the closing docs which were notarizes. - I could refinance, just would be higher interest and payment but I could do that- I have a tenant in the property so I could not renew lease next year and sellOr - do nothing and wait for the seller next move hoping it doesn’t get messy. 

@Chris Seveney "We don’t know what they told their cpa" I asked the CPA to review the LLC formation docs BEFORE creating the company, got the green light to proceed without any warnings or advise.