These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesUnits: 1-4 unit propertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

For example, maybe they believe they did $1800 in work, buy you believe they did $1200 in work and that there is still a punch-list of items that need to be done.

He further said it should NOT go to eating out or buying other items  and for sure should not be used to quit your job ( which is so popular mind set)Mr.

I would simply hire a good civil that has done development in that jurisdiction and pay for a feasibility study and let them run through all the check items.. but thats really just the start.. also for context .. these projects require 350 to 750k in CASH up front to get to approved plat status ..

You should only have to do this with the largest items- mainly couches/chairs and dining sets.

Umbrella insurance is crazy cheap for the benefit, and it already requires you max out your liability on your other covered items.

Its not complete and it causes confusion for people trying to figure it out but there are other items involved.

We could look them over and see if some of those items in the scope of work are unnecessary.Not sure how all of that is getting done for 9k.

Also, when it comes to these infrastructure items you are concerned about, learn more about the "options".

When I sent the Home Inspection report to ABC Baltimore, it was the usual, “We will work on the items, we are very close, etc.”.