I've called them quite a bit before we rolled our IRA over with them.

Once he see's that the pressure is rolling his way, he'll find a way to get rid of it.

Is this like costco for homes or more like Ronco :roll: just curious, it seems like a good Idea from the infomercial but then again it's an infomercial.Any thoughts?

Firstly, there are rehab loans for primary residences that allow for the purchase price + rehab costs + up to 6 months of mortgage payments during rehab + closing costs to be rolled into the loan amount (and an allowance of 6% seller concessions too)...As to your mortgage lady, she might; 1) not know, 2) not care, 3) not offer a rehab loan program that allows for these features (although highly unlikely).

If you rolled 1031 money into a rental home you must hold it 5 years and live in it 2 (not necessarily continuous) cumulative years prior to the sale.

Sorry.....new member finding his way around :roll:

The lender might even want to see the rent roll to season before they will value the property.3.

I started thinking about what am I doing this for and why am I doing this again and how much work I was going to have to do over the next two weeks.So all this stuff was rolling around in my head and I'm driving home from work with nothing on the radio (I usually have a REI podcast or audio book in) just thinking about all that's going to happen and I start dwelling on the what-ifs then it dawns on me as I'm driving down the road that that number on the bottom of the statement is smaller than what most people spend on a car.

Private money is not the same as hard money as the question more or less acknowledges.Points for a hard money loan can be rolled in.

I was under the impression that the FHA 203k loans could be financed with 3-5% down with closing costs rolled into the mortgage?