Then the work will begin.The HomeStyle loan is ONLY for Single Family Homes.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Minimum: $ 5,000 (below this on an exception basis only)Maximum: Limited to 50% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesRenovation Term: The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

BUT, I had a borrower one time in Ft.

@Melissa Paul I am not sure if I responded but I stop using them as the data quality started to rapidly deteriorate..

I moved out of the area since buying the property and my renters stopped paying.

Maybe I misunderstood, but on the surface, not a deal I would put any of my borrowers in?

It was a quick drive by on my lunch one day and I stopped and wrote down some address of properties that appeared to be vacant.I have also been looking around the Old Oaks District.  

Just throwing numbers out there from a previous find, but there are a ton of places you can borrower the money from without needing to show personal income that would allow your savings to really stretch, and maximize your passive-income potential.

you DONT pay tax's when you borrow money.. you pay tax's when you sell  ( that is if you make a profit)

As long as the borrower is a majority member/owner of the LLC, and the payments are being made, the lender isn't usually concerned...they want their money.Where you could run into a problem is if the borrower leaves the LLC. 

I talked to the heirs after the mom passed and negotiated a deal to buy it for $40k, then spent $72k renovating (with credit cards and borrowed money), then sold for $224,900 three months later.