Attempting to gauge participation in the member loan for the Austin 4-pack managed by RevisionMasters.

Especially the ones that had adjustable portfolio loans.

This is because you can't get an FHA loan for an LLC and thus have to put down around 20% for the loan.

If so, you'd be looking at using a different loan type for that.Assuming you're the end buyer, then the fees depend on how you and your wholesaler worked it out. 

It was a little frustrating because I'd been in communication with these lenders from very early on, sharing all details with them from the start and repeatedly remarking on the Trust ownership, and stayed in contact with them throughout the discovery process as I firmed up everything on my end, and now I have the plans, the contractors, the OOP funds, and basically everything else ready to get started within 1-4 months, but I'm back at square one re: loan.

Then I thought I could buy the house from my dad for $300,000, which would include the money needed for the rehab instead of doing 2 separate loans.

In the state/city these said parks are located two banks will finance with about a 20% down/balloon pymt type loan/15-yr amortization.

Loans from a bank are about 8.2% for single family homes.

As we all know, Fannie Mae has come out with their 5% down, owner occupied loan for multifamily (2-4) properties.

It's crucial to note that this does not mean the buyer assumes the loan; the original loan terms and obligations remain with the seller, which includes the debt remaining in their name.The bank's involvement is minimal in the sense that the loan is not officially transferred.