Neither of us will have any "taxable" cashflow with which to approach mortgage brokers with, as any money I've made the past 3 years has been from poker (non-taxable, treated as a windfall in Canada).

If members & non-members could donate just a fraction of what this site saves them or just a fraction of the money it helps them make, we'd be LOADED, and able to build the new features and tools that we are planning much more quickly!

Non-commercial sfr or multi-fam rehabs in decent areas.

Do you actually make money in a non profit business?

If this is the drug center you are talking about, get your non-profit formed and get your government contract.You get the contract before you start to build.

They would finance the purchase price, closing costs, repairs, and interest reserves… No down payment was required as long as all those items all fit within the LTV.So yes, it was a 100% non-owner rehab loan.

I have contacted a few lenders. two said he needs a resident alien card or work visa and the other arent currently financing foreign investors on non owner occupied loans.

But as we see now, many of the investors that took out those 100% non-owner loans, and the ones who leveraged out all the equity in their properties are the ones hurting!

It is of my opinion that the credit market on the personal side for real estate mortgages are much tougher to obtain and have lower %LTV, especially for non-owner occupied property than the commercial lending market.

They may agree to accecpt some kind of instrument filed in the recorders or clerks office to consolidate them into one single tract in order to let you have the reduced valuation.Exemptions usually only apply to non-profit org, religious, gov prop.