You may want to hold back funds of your loan in escrow and provide draws on the rehab as progress is completed and you may want to ask for cross collateralization.

You may also qualify for a low down conventional loan.

The project involved several agencies coming together, not only to fund it but to offer services to survivors, design the community, and more.CVS Health provided $10.6 million in funding for the approximately $16 million project as part of its goal to address social determinants of health, like the lack of equitable access to housing.

You dont LOL, the N east is crazy high with very low returns and terrible to landlords.

Could he be doing a low doc mortgage for each property?

With a low down payment and being put on a 15 year mortgage, this property has great equity that we leveraged with a equity line.

Let's say you pass on their offer; but you have already set aside funds for your holding costs for X- number of days on market. 

Due to low rents and high sales prices, 2-3-4 plex normally doesn't work great for house hack around DFW. 

Aparently they calculated it from my 2022 P&L and it results at a quite low LTV.

But your overall income is low enough where it would not make a dramatic enough impact.3.