They'll scrutinize the construction budget and proforma from every angle so make sure your numbers are spot on.IF you set up a quality team, have a good lawyer who understands HUD on staff, can withstand the time it takes to close a loan, and have the necessary funds, you should have a ballgame.Do your DD with regards to how much money you need, ask for the qualifications of the lender's underwriter and how many 221(d)4 loans they have closed.

You think copper will withstand hanging a picture any better than Pex.PEX is easy to insulate.Gonna call BS on your whole post, sorry.You are just a plumber disgruntled that a new product came on the market that is easier and cheaper for some people, which has led to people not calling plumbers in many cases.

We would exhaust a majority of our loan initially obtaining the property with probably only about $5k left for renovations depending on how negotiations go.

The properties we look at need to work with today’s numbers and withstand a stress test for changes that may occurred in normal real estate cycling.

It is very exciting, but also stressful and exhausting:-) I guess that's why all the pro's on here keep telling us it's hard work and you have to be willing to put in the hard work to become successful.

They are exhausted and fed up dealing with Apt. building, I tried multiple times to convince them not to sell, from finding a property manager, or even for me to deal with it.

I am pretty much on the phone for 3 hours a day after I get off work and I am simply exhausted.

If the author stashes the cash in a CD earning an inflation-adjusted 0% each year, then the reserves will be exhausted at some point well before year 30, which is fine because cash flow from the properties is meant to supplement the reserves in the long-run.

I would need to add a bathroom with stand up shower and a little range.Once converted it can bring in about $950 my mortgage only $1330.

I found a great off-market flip deal where the owner is willing to do owner financing (great for me since I've exhausted my personal credit on other rehabs) My summary and specific questions are below:The Deal: $250k purchase price, 10% down, $50k rehab costs, $375k minimum ARVStructuring the Terms: 1) Owner is giving three financing options:a.Amortized 6 month loan w/ scheduled provided by Seller (interest of early pay off will be required)b.Balloon 6 month loan w/ scheduled provided by Seller (interest of early pay off will be required)c.No monthly payment with amortized interest added to money due at time of closing2) Owner wants to keep title under their name until loan is paid off, but the owner still has a note on the property.