Quote from @Peet Bothma: Quote from @John Yoo: Quote from @Peet Bothma: I'm a foreign national and I just closed a deal on a duplex at 5.75% an a 30 yr fixed and 75% LTV in Wisconsin. 

I was going to put down 5% (about $40,000) at closing.

In the city, closed sales were up 12.6%.

Weirdly, you may actually be able to get better terms and/or more LTV on the refinance if there is debt on the property as lenders have rules for max cash in hand (max proceeds you get at closing) for cash-out refinances.  

Says they are "fly by night," never returned my Deposit, Closed in Austin, looking for more "Suckers in Tampa, Florida." 

Although my business partner has been with them since 2021 and learned how to close deals from their education.

And even then, the life cycle is generally pretty long from first contact to closing.  

Imagine if it cost 1000 to send out 50 letters but half of them responded and half of those wanted an offer and half of those accepted an offer and half of those closed and half of those resold for a net 50k. 

I just closed today on the sale of the second house and have ended the nightmare!

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.