What kind of down payments are vacation homes subject to?

Most likely scenario is nobody cares, I have never heard of a copyright case on this, and it would be weird in my opinion if there was one, as you own the subject of the photos.

Here in Texas the title company performs this due diligence very early and sends to the buyer a title commitment that outlines any additional liens.

Emergencies" are inevitable in this business.They are much easier to handle when you already have a written procedure to follow.Check out the process outlines at www.LogicalPM.com:)

@Javaras Thomas conventional financing doesn't allow the downpayment to be secured by the subject property however, if you have other properties including your own home that has equity, you take out a 2nd on that property and use it for down payment.

Hi Ellie,I was the Analyst for a property in Boston that had slight soil settlement and required an engineers report for further evaluation after the Appraisal was done (which was made "subject to" the engineer report).

I'm helping someone currently purchase a duplex with a FHA loan so he is getting into it for only 3.5% down which is pretty amazing for what you are thinking about doing.I'd be happy to talk on the phone if you are interested, there is too much to type out here on the subject but just let me know.

@Cassandra Alessio Yes, these associations exist to protect affordable housing and educate the state on the subject.

You can start to get into hyper technical strategies which are more what I'd call an owner carrying back a lease option or taking a deal down; subject to these types of strategies the risk element goes up especially on sub 2 deals.

So you mentioned order financing if you can come in and get that owner to finance the majority of that deal or take it subject to.That's the best way to go with very little cash in that way if the market corrects you're not in a bad position.I had a friend who was buying a home at the height of the market and he couldn't get financing so he went to do an owner's carry because they advertised owner carry.