@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.

The Idea is to create a new real estate asset class - the Room Condo. 

Your Lender My suggestion to find #2 & #4 would be to go to the top of this page and click on AGENTS & LENDERS.There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

I think it is different if you live there, speak the language, know the market.  

They had the $20M in coverage, equating to $400k+\- per unit or less than half the $1M Zestimate.  

@Kasey Hardt very interesting,  didn't realize this was a pattern but even I've got friends that are getting recruited to the area for medical device startups etc, so could be a very interesting trend to watch.

Hello buyers in the Spokane, WA area and the PNW!

Call the mechanic or gas station up the street and ask the owners if they know someone.

If I read the story correctly, your client did not report rental income.

But I wouldn’t trade the experience for anything in the world.