These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesUnits: 1-4 unit propertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

That's why they call it Sub-2, it's subject to the terms and conditions of the existing mortgage.

This gives you a more accurate view of the property's true cash flow and performance without relying on a large down payment to "force" good numbers.This is exactly what we do — help investors like you evaluate deals to ensure responsible purchases that lead to portfolio growth.

This in turn usually leads to missed deductions on the tax return.

Hey @Matthew Brown, it is hard to say if it is worth the $99 a month.I would ask how they get their leads.

Over 1 month with 124 Zillow potential tenant contacts, the property manager report showed no leads from Zillow and couldn't find tenants.

Whereas the majority of the existing clients have stayed with you, but the whale client is with the ex-partner leads me to believe that if this heads to any type of judicial setting that no damages would be awarded.

Conventional at 5% down would cap you at 3% concessions, but generally is more lenient with employment history and property condition. 

- Zillow is the #1 source of tenant leads, with it's other websites Trulia & Hotpads. - What is your PMC charging for Tenant Placement?

Assuming it’s not a 50 year old home with lead paint, asbestos, lead pipes, etc etc.