Someone correct me of I'm wrong, but isn't there a % limit of what banks will give on a HELOC loan in relation to the appraised value?

He obviously was suffering from stress related issues.

draws relating to the construction aspect to it?

The due diligence of seeing if there are any surrounding issues of the transaction exist or if compliance is met.Now, again, if that's what they do in Cali, more power to them and the related parties, if they aren't concerned with a buyer and seller or either one skating by with something undisclosed, under any circumstance, then so be it.I can say I wouldn't fund any loan in a closing that was not fully insured where the settlement agent determines that all contractual obligations were met, documents properly executed and filed.

@Matthew Morganstein With the exception of a few places (TO, Vancouver, Calgary, {maybe} MTL & Québec), I'm not convinced wholesaling works well here in Canada simply, due to the relatively small market size, and state of present market conditions.

I will do my best to explain this scenario related to the purchase, rehab, and refinance of a property I am pursuing.Purchasers A, B, and C are partnering to purchase and rehab a duplex (purchase price and rehab not to exceed $90,000 with e rehabilitation loan)Application breezed past initial underwriting as all partners have above 750 credit, stable income, low debt to income, etc.

Sure thing,I'm not a CCIM yet as I have my plate full as a college student at Arizona State University and as I am taking other real estate field related courses.

Return is closely related to the financing.

Again, the ability to relate to people, face to face, on the phone and in writing is necessary to succeed in this business.

I'm their only child and about to have "the talk" about what their ideas are for the future in relation to their house (among other things).My husband is completely on board with them living with us, if they would like.