Hey BP World-I'm currently in negotiations on a 55 unit apt that is still on a renewable Moderate Rehabilitation Program contract.

page=1#p4361812Acquired my first rental property in Morrell Park, Baltimore at $70,000 exactly a month ago and did some rehabilitation - modernized bathroom and kitchen, painted all the walls, replaced doorknobs, installed 2 more window A/C units, and lightings.

It’s interesting that the same liberal politicians wanting to “protect” neighborhoods from the terror of an alternative housing use - short term occupants, were big supporters a few years back of placing halfway houses, drug rehabilitation facilities, and group homes in suburban residential subdivisions.

in my area, I'm pretty much looking for cash flow and forced equity through rehabilitation.  

For multi-family there are other requirements but for single-family it just says "new construction and rehabilitation" and doesn't list out any other criteria..Also, do you know how it defines multi-family in this case; is it 2+ units or 5+ units? 

There are some crimes you just don’t rehabilitate from, I don’t care what “risk level” they are assigned by the gov.

Its called a VA rehabilitation loan - currently I live in the DC area and see a lot of older homes that have so much potential but I don't have the renovation money so I'd like to take advantage of my VA benefits. 

Its called a VA rehabilitation loan - currently I live in the DC area and see a lot of older homes that have so much potential but I don't have the renovation money so I'd like to take advantage of my VA benefits.

So we MUST refinance out of these "acquisition" loans when following this track.Let's assume for a moment, you have a property, it's now rehabilitated, but you are in this high rate loan that will come due in 3 months...time to refinance!

I knew my old lesson of never becoming attached to any property would prove true yet again.The rehabilitation and restructuring of property would have ranged roughly & up to $50K.By the numbers:$105K ( purchase price & CC )$35K (profit for homeowners) $5k (Wholesalers)$45K (rehab: materials & labor) =$190K - Sub- Total$10K (reduced commission) $10K (holding costs) =$210K - Total $250K (potential sales price)=$40K (net profit) Within four to six months...