Make sure the basement area has egress and it is up to code to be considered a livable space. 

The 90%/100% programs are out there for new investors, I know of 1 maybe 2 that will provide those terms to a new investor given:Credit is 750+Appraisal numbers came in fantasticThe zip code the house is in is a favorable one for an exitI've closed or oversaw the close of 100s of bridge loans, be happy to answer any questions you may have about it.If your ARV is 550k, that means you want your max project cost to be about 398k (72.5% of ARV), if you buy for 359k that leaves hardly any room at all for rehab costs. 

There is some blighted in that ZIP code.

That company supports foreclose bidders they produce a document daily on all the sales with same info I mentioned above and color coded certain props with extra caution Red or Green for ready to go bid with confidence. although this created uber competition. 

Also, they know things about where you are working...Keep in mind that your municipality will have codes and regulations as well that can be hidden costs. 

Here are the fastest-selling ZIP codes in America in the second quarter of 2024.Snohomish County just north of Seattle coming in at #1Obviously this makes finding deals in these locations harder to find which is why working with the right people matters now more than ever. 

IF anyone has the link for that training and the discount code, let me know please.   

So, I’d dig into the numbers before making a call.Local zoning and code regulations: Converting a multi-family property to a single-family unit might require permits or specific approvals, so check with your local building authority to avoid surprises.

Known as a “like-kind” exchange, section 1031 of the Tax Code allows you to pay taxes on capital gains later.

Assuming primary, max DTI is typically anywhere between 43-49.9% contingent on factors like zip code, program, FICO, etc.