@Rick Albert I closed my house hack (tripled with ADU) with a 203k version but not that exact program.

It amazes me how may "steps", "programs", or "business structures" people think they need to get started.

I am a long term buy and holder.I started with 30 year mortgages, but later refinanced into 15 years, and some 10 years when the government adopted the "Home Affordable Refinance Program" (HARP) at very low rates in response to the great financial crisis.

Every loan program sets a maximum percentage of that value that someone can borrow. 

This is due to the fact that many lenders provide various loan programs with various periods, interest rates, and minimum down payment requirements.

If I were younger (I’m pushing 50) and my SO was more on board with the whole real estate investing program I would be moving into a new low down payment property every 14-15 months as soon as I had raised the money for a new down payment.

This criteria is for 1-4 and 5-8 unit programs.

The units come with a 5 year vip access to the Ikal beach club. 

Anyone know of any bank statement/ non qm loan programs available for purchasing a property in the Virgin Islands ??

Especially the program loans. literally the “seller paying commission” is just an accounting play to make banks finance commissions.