I'll keep this short.
I plan on submitting claim forms for properties I've sold that fall within the "Settlement Class" as defined by the US District Courts as part of the class action suits against NAR. The definit...

Along with capital gains based on final net sales proceeds minus reduced basis.  

@Nathan Frost This would be called a portfolio loan but most lenders with this product require a minimum unit count, usually 5 units.

If you sell, you'd just pay off whatever balance was owed at the time of the sale, the same way you would with conventional financing.If it cash flows for you while providing income for him, I think it's a win/win. 

You could have the seller add you to title before the sale (you'd want an airtight contract), and then fund just the rehab in cash, sell the property and split the proceeds with the seller upon sale/exit. 

I enjoy buying properties, designing them, and seeing the end product. 

This is outlined in Title 18, Section 1725 of the United States Code, which states that any person who knowingly and willfully deposits any mailable matter such as statements of accounts, circulars, sale bills, or other like matter, on which no postage has been paid, into any letter box established, approved, or accepted by the Postal Service for the receipt or delivery of mail matter on any mail route with intent to avoid payment of lawful postage thereon, shall for each such offense be fined under this title.Violating this law can result in a fine for each piece of mail that is improperly deposited.

Welcome to a realm where data intersects with destiny painting stories of resilience, progress and endless possibilities.Diving into Single Family Home TrendsIn February 2024 Palm Beachs market for single family homes embarked on a journey of strength and expansion defying expectations and embracing opportunities.Closed sales, serving as the pulse of the market saw an increase of 5.23% reflecting an atmosphere of hope and potential.

They don't trust and therefore expect the worst.Now when people are afraid it is the time to buy if they begin to fire sale (seeing this starting to trickling in) BUT make sure you keep your cash reserves to keep you buckled to your seat as we might experience more turbulence on this STR ride.  

We put the HELOC into foreclosure to avoid it getting wiped out in the sale (The senior would have survived the sale).