So your loan is going to be a candidate for the restriction.

None that I deal with will do them, and it's not because they "don't understand them" as some people have complained....it's because they understand very well, and the risks associated with them.I agree with John, as long as B brings their own funds, you can do a double close almost anywhere, any time, as long as the seller didn't impose deed restrictions.

You might want to go into commercial properties of say 10 units etc.Much less restrictive rules and you live in one of the units as a manager for the group that buys it etc..

There is no restriction in any state that does not allow a broker to buy and sell on their own account.If you can expand on your business plan you'll get a better answer. :)

It is not easy to get into under today's restrictions, use to be a pretty open field but there are many fences and barriers to entry now.

The first thing I would do is assess the land versus building value and find out which is more valuable.Also look into restrictions for this area; some historic districts require period-era updates, which means you have to keep the original look/style etc.

An investor can submit an offer on day one, but it won't be considered until any OO restrictive period is over.

Louise, most short sales will also restrict the resale of the property for 90 days.

These are guidelines from Fannie/Freddie and the actual lender may put further restrictions on these guidelines.Cashout is limited to 70% for one unit properties and 65% for 2-4 unit properties.

In the end, we went over budget, and past our self-imposed deadline (we always do, it's really frustrating.) but we also ended up selling for $360k.