Value add, so BRRRR type of model. 

I would recommend talking to many lenders/brokers to see which one has the most experience funding these loan types. 

Purchase price: $355,500 Cash invested: $75,000 Rental Property near community college What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer.

What should I expect from a this type of program?

In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway. 

What made you interested in investing in this type of deal?

Pretend your getting the hardest rain you have ever seen and imagine where the water is going.I would also keep an eye out for sewer lines and type of material.

Communication is EVERYTHING not just in multifamily but for any type of deals.