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.

@Gina Cabell Terrific thanks, I’ll keep you posted on the date and location.Exactly he has copied and pasted the same article now dozens of times, it’s getting old.

Banking relationships are incredibly important in this business, especially as you grow your business.  

This is important because these are generally the property owners with standing to file an appeal if they are not satisfied with the plans which can become a drawn out and expensive process.  

Verifying last 2 years of rental history very important!

Huge THANK YOU to BiggerPockets for recognizing my recent article.

I want my occupancy (and revenue) to be maximized so, for me, it's very important to have something unique that the other places don't have so my condos will stay rented throughout the low season and in case of a downturn in tourism.

If you're happy with getting a note on ANY house in FL you might have more luck, but then you don't have as much control over the condition of the property or its location if those are important factors to you.

Quality of service is important, but why does the service have to be all-inclusive?

He provides a lot of practical advice for this.Having a team is important, but nobody is as important as the property manager.