Originally posted by @Michael McNally:It is absolutely illegal for a lender to send DU findings to an agent.

Originally posted by @Michelle Berge:Hey Brenda - I'm in the same boat.

Originally posted by @Omar Gutierrez:i have plans at the city that are 2-3 weeks from approval. i'm a licensed GC and the house is going to be a 3/2 1100 sqft with comps in the 260's. for a construction id only need 100-110k, but the more i call banks the more im finding out that even 100-110k is "too small" of a loan.

I have some clients who are brrring out properties and are able to pick up a couple at a time, and refinance in a blanket loan, get out most if not all of the money they put down on the original hard money/rehab loan, rinse and repeat.

Our original inspector noted a drainage issue on the north side because of improper sloping.

I remodeled and added a bedroom to the original house, and then built the second house after.  

Originally posted by @Tom Cooper:Thank you Pavlos.

The overall gain on the sale of the original property was over $500K, and I received $500K in cash.

Also, to make your money go farther, cutting down closing costs is a great way to do that, We can help with that, which is why we offer 1 point Origination Fix and Flip loans.Is sounds like you already have a portfolio, you may want to look at refinancing your existing portfolio to free up cash for future purchases, the buyer's market is only going to last so long as these interest rates are being cut.

I'm in FL so I can't do a series LLC.