Even with the renovated units it does not appear that there are enough prospective tenants to make this worth your while.

Not only do they not repay funds, they claim we owe them additional funding for renovations that never actually happen. 

By the way, my company can likely finance your deal with 10% down on the purchase (90% LTV) and 100% financing of the renovations.

Renovations are almost complete and will be looking to rent out a unit.

—----------------------------------------------------------------------------------------------------------------------------Subcontractor Agreement TemplateThis Subcontractor Agreement (“Agreement”) is made and entered into on [Date], by and between:Contractor: [Full Name/Company Name] [Address] [Phone Number] [Email Address]Subcontractor: [Full Name/Company Name] [Address] [Phone Number] [Email Address]Project Details: Project Name: [Project Name] Project Address: [Project Address] Project ID or PO Number: [Internal Identifier, if applicable]1.

For instance if you buy a duplex and plan to significantly renovated it.

FHA allows the construction or renovation of an ADU on the property by refinancing into a 203k loan, but the property must remain your primary residence.This stuff is subject to change, lender specific, and subject to other factors.

Lenders may ask for these when determining the post-renovation value.The After Repair Value (ARV) is key to your refinance.

Hello everyone, I have recently gone under contract on a property and was able to agree to a private loan with a family member to purchase and renovate.

This apartment required a cosmetic renovation that is going to run me around $27,000 to redo.