The other thing is I don’t believe the insurance  protection is included in the upgrade..I was reading that had to purchase separate damage insurance from Guesty??  

The procedure, timetable, and any legal or regulatory requirements should all be understood when performing due diligence for a purchase.

I would, personally, let him exhaust all his funds on the purchase and then you come up with a loan that finishes off the acquisition financing and then holds the rehab funds in escrow in an account you and your brother sign off on for withdraws.I do not think I'd put a lean on the property. 

We are 4 younger guys recently out of college looking at forming an LLC to purchase our first investment property.

On a cash-out refi the appraiser has no target number from a purchase contract.

Is this a purchase or refinance ? 

I'm a Navy Veteran and would like to use my VA loan to make my first home purchase sometime next year.

Hi Brian, It's great to hear that you're exploring your options for purchasing another owner-occupied property in the East Boston/Chelsea area!

I'm looking to purchase a single-family home in the $500k-$600k range with a long-term hold strategy.

in hopefully launch into a real estate sector I would like to pursue, learn more about and purchase, etc.