What sort of financing is available for this sort of project?

There are loans available to primary residence homeowners that allow ARVs in the 90s---the cap for investors is between 80-85 ARV depending on where you are investing...Regards,Scott Miller

What you need to do is educate yourself.To answer your question, yes where you are, your market and the deal itself all matter for the type of investing you want to do.In a college town, you are going to be renting to students and not alot of flipping as the number of buyers is low compared to renters, so you can see, it really does matter.The type of loan they have as well as available equity in a property might tell you if it is a sub2 deal.

In a nutshell, residential sales volume is down, but prices rising, although at a slowed pace in most areas.Rental rates have dropped slightly, and there is much more availability compared to a year ago.Here's the most recent Honolulu Board of Realtor's stats:http://www.hicentral.com/hbr-stat.asp

If you rent out a vacation property for at least 15 days in a given year and your personal usage is limited to 14 days or 10 percent of the time it is rented (whichever is greater), then the property is considered rental property so you receive the following benefits:- All business expenses (including mortgage interest, property taxes, insurance, advertising, and maintenance) can be deducted against rental income received on the property - If the total expenses are less than the gross rental income, the resulting profit is taxable income - If the total expenses exceed gross rental income, the resulting loss can be used to offset income from other investments From a fractional perspective, how many days it is available for rental obviously depends on the number of fractions that have been allocated.

Thanks, JoshJosh,New loan product available for most doc types on 1-4 units at 90%.

Well, I receive A LOT of my available inventory through various partners/associates I've been doing business with for the last 4-5 years.

There is so much available to help you, if you seek it out.

The ready availability of lots of land is a plus.

I've been a member for two days and am very impressed with all the information available here and have posted a couple of times already.I'm a mortgage lender and real estate investor in Minnesota.