Do you actually make money in a non profit business?

If this is the drug center you are talking about, get your non-profit formed and get your government contract.You get the contract before you start to build.

They would finance the purchase price, closing costs, repairs, and interest reserves… No down payment was required as long as all those items all fit within the LTV.So yes, it was a 100% non-owner rehab loan.

His site is www.beds4meds.com - short term renting to medical students.

I have contacted a few lenders. two said he needs a resident alien card or work visa and the other arent currently financing foreign investors on non owner occupied loans.

But as we see now, many of the investors that took out those 100% non-owner loans, and the ones who leveraged out all the equity in their properties are the ones hurting!

It is of my opinion that the credit market on the personal side for real estate mortgages are much tougher to obtain and have lower %LTV, especially for non-owner occupied property than the commercial lending market.

They may agree to accecpt some kind of instrument filed in the recorders or clerks office to consolidate them into one single tract in order to let you have the reduced valuation.Exemptions usually only apply to non-profit org, religious, gov prop.

The most pressing include a leaking main water pipe in the crawlspace, several dead outlets, non-grounded outlets and non covered outlets, a loose shower liner/insert that has caused mold and moisture damage on the bathroom sheetrock (there is no vent/fan in there), and the carport and porch roof are leaking.

when wholesaling as a realtor, be sure to have prospective buyers or sellers sign a "non-representation" agreement.