My electrician said that it just needed new breakers The property is liveable and rennovated apart from this.What is the cheapest % interest dscr/hardmoney/rennovation loan I could get?

Example: If you take out a loan for 7% you would want to make more than 7% to make it worth it, and probably significantly more.

Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.

Hi Aubrey,International lenders don't exist for real estate in that no lender in one country will give you a mortgage loan in another country.A good service to estimate revenue in Costa Rica or everywhere in the world for that matter is Aidna.

Just bc he says he will fix wiring is seperate from your loan denial letter.

Acquiring in cash or with a fix and flip loan.

This property is in the next state over from me (only about 90 min away) and is a 5 unit, therefore I'm looking at a commercial loan. 

If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.

When Trying to qualify for a traditional loan, lenders usually price your purchasing power at 3x your net income.

Hey Account Closed - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.