I"m re-doing all the flooring this summer in one of the units.  

Having a 24 month term on the front end will also make my job easier doing the take-out loan when it's time to refinance into permanent debt, because there's room in there for a full year of tax returns to have been done in the middle (if your exit plan is to sell, it'll also make it easier on your buyer who will presumably be willing to pay a higher price if they can get an A-paper good mortgage).Ask for a 24 month term, tell your contractor you want it done in a year (and make it financially worth their while if they can pull it off), internally/mentally plan on 18 months, and I'm putting you on notice now to do your tax returns on time, rather than extending them (don't fight me on this, please just do it).Trying to get a renovation mortgage like this for only 1 point is likely a waste of your time, but if you want to ask, after you've secured the above as a 'done deal,' go for it, can't hurt. 

And it's extremely important that all the partners that are investing into Real Estate are all on the same page.So if you're planning on investing in real estate and partnering with someone, consider the following things to talk about with your potential partners before jumping into a venture together:1.

I can refer you to expert coaches that set up game plans for free!

Definitely will want to add insulation and all utilities depending on what your plans are for it .

Explained the situation and he said it may be a challenge to get another conventional loan (investment loan is being considered as well but; Family loan = plan A, bank loan = plan B).We want to keep the property we live in now (since Oct 2023) and rent it out when we leave.

I plan to tour the home this week.

I just upgraded to the pro plan and looking to connect with local investors.

I just recently started using this quote, "I'm on Dave Ramsey's modified plan".

The broker might also be able to recommend some lenders that would help you with financing.To your other question about the type of financing, it would depend on what you plan to do with the property once you have full ownership.