Very few lenders are willing to do rehab loan only, and if they do, they want the first lien position, which means the seller has to be in a junior position, which the seller probably is not willing to do.  

We always do a prelim search before the offer/listing....this helps you be aware of junior liens, and how to better structure the offer (i.e. $5k lower offer due to having to kick in $5k to a junior lien holder).

The idea is to turn that into its own self-contained Junior ADU with a full bath.

One main and one junior unit - roughly 450 sq ft.

Lender is foreclosing.  1 junior lien of Medicaid from owners hospice care.Home Value =$400kMortgage = $250kMedicaid Lien= $130k  Does anyone have experience negotiating with Medicaid?

Lender is foreclosing. 1 junior lien of Medicaid from owners hospice care.Home Value =$400kMortgage = $250kMedicaid Lien= $130k

Best of luck, Junior

@Junior Jaquet Hernandez Las Vegas area, Texas & Florida.

If you can't get the senior folks, go to the junior people who are building their way up. 

Experience: Co "Junior" GP on 44 unit apartment syndication in Northern California.Project wouldn't exist with out my partner's 15 years of expertise/experience, so don't want to overstate my role in the project.