As far as Lovie, that come out of nowhere but definitely is the right move to restore some order on the gridiron.

Upon calling the realtor, he said Fannie Mae no longer offers this financing, the house must be purchased for cash, and restoration must be completed professionally within 6 months.Here is a random collection of my thoughts:  Is there any other way to finance this property?  

Hi there, I am looking to take the leap into real estate investing and restoration.  

I too hope someone will buy the place and restore it. 

Please help me analyze this deal thanks.Listing link: http://www.realtor.com/realestateandhomes-detail/1...Asking price: 299,999 Down payment: 3.5% Taxes: 4,600$Rents: 1st floor (3 bedroom 1400 sq ft)- 1250$,  2nd floor (3 bedroom 1400 sq ft)- 1150$ , 3rd floor (2 bedroom 1000 sq  ft)- 850$Utilities: tenants pay for water, heat, and electric (separate meters) Beautifully restored huge 3 family home located in desirable federal Hill section of Bristol, close to ESPN and hospital.

NC also recently re-upped their Historic Tax Credits, so with the combination of NC and Fed tax credit, you can get somewhere in the area of 35-40% of restoration costs back as a credit.

If the numbers still work a traditional lender might go 40-60% LTV if someone else is funding the rest. Or

.:) I've been in residential construction for 15+ years, and done fire & water damage restoration for the last 7 or 8 years, so this is kind of right up my alley.But for the purposes of this argument, say 6 months at the outside.

What did you do to get the brick restored? 

she should have the ability the cure the default (at closing) and you help her restore her credit by keeping a positive tradeline on the books.