No banks want to loan money and hard money lenders only want to lend larger amounts than I need.

Its zoned residential and there are 6 separate units but not all of them have there own kitchen some have sort of a kitchenette.

Thank you for the "real world" look at what comes to view these sort of properties so others may ask themselves, "Is this the class of clientele I desire to do business with."

I think the growing demographic of older Americans, empty nesters and other individuals and couples would be thrilled to not have to rent, share space, or pay larger utility bills and maintain a space larger than needed.

Find a good broker who is knowledgeable about the FHA guidelines and works with a lot of different banks; often, it's the regional and more local banks who are willing to do the under-90 day flip financing.In terms of larger banks, some Wells Fargo loan originators can get this done and some Flagstar underwriters will do it as well.

CostSeg is best with larger properties.

Nope. 50% is the long term average... accounts for things like having to paint the exterior every now and again, the occasional septic issue, replacing a room every few decades... those sorts of things are big expenses and don't show up in year to year reports.

Should I get it under contract first and just let the title company sort out the mortgages and liens?

Lots of ways to invest, some require absolutely no cash and have very little risk... what sort of real estate "investing" are you looking to do?

As I revealed prior to house values are generally dropping inside Memphis as well as the fall with regard to homes price ranges may cause an issue for a couple regional home vendors, unfortunately can be creating some sort of opportunity for opportunistic house buyers.It is actually superior with understand there continues to be low-cost housing around the particular United States and also really good house ordering solutions are out there within certain areas.