Hi Nancy,If you need a start or are curious on any sort of loans, shoot me a DM or email!

The friend who shared this deal with us offered to provide the loan.

I can check in with my local bank, but I don't want to waste their time when I'm not yet serious about doing a loan with them.   

Hi Stacie, Have you looked inot DSCR loans?

A reasonableness standard is applied to negligence claims and I would argue a property owner who owns real estate in the Poconos and knows the property is left vacant due to the owners decision to lease the property as a short term rental should know that the pipes are more inclined to freeze and therefore should install heat tracing lines or other measure to ensure the plumbing lines do not freeze.

DSCR Loan with 20% Downpayment How did you add value to the deal?

in what I just laid out, you'd make monthly payments to the seller just like you would to a bank for 5 years, and then the remaining principal balance of the loan would be due, at which time presumably you would refinance the house into a commercial mortgage and use the proceeds to pay off the seller. 

You could structure the deal as an installment sale or a lease option so the property owner doesn't see a large capital gain tax payment for the sale.And good on you for helping out!

For a 203k loan, you’ll want to target areas that have properties needing work but also a strong potential for appreciation after rehab.

If you need to talk about or help with a loan, DM or email me!