I'm starting to hear more chatter about this mysterious "wave of foreclosures" that was a frequent claim/projection back in 2021, which didn't happen then, and by all indications is not going to happen now.

Hopefully as the rates and the housing market loosens so will some of these guidelines in the HML programs. from talking to hard money funds especially those who operate in more than 10 states, and 5 years of experience with underwriting teams, I'd actually disagree and say new construction is preferred to rehab due to experience level to enter the market. there's BP lenders that will do 15% LTC with 1-2 new build experience.

There's quite a supportive investor community here.First tip: come to a monthly meeting of ORREIA (https://www.orreia.net/). 

Hi @Sam Mishra what's more important for you, affordability or Jersey City  area?   

Even without the market details it's a no brainer.  

How much detail are you wanting:In Renovations, this can be anywhere from $30k to $500k, depending on properties needs, scope of work, scale of finishes, access to labor, etc.

Besides, it's always a good idea to build a good relationship with the Planning and Building departments. 

So have a great loan officer that understands those programs, and doesn't just push you to FHA.#6. 

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

Hey there,I would love to connect with agents and investors in Ocala Florida!