There is alot unknown that needs to be clarified before answering "why can't they just do it as a investment property @ 90 LTV"---things like how you are going to document income/assets, FICO, cash reserves, # of properties owned/mortgaged to name a few...I suspect that it is not your intent to occupy the 2nd unit as Wells Fargo suspects and this is where the FRAUD comes into play---if you intend to rent out both units and claim otherwise, the doc they want you to sign could serve as the noose at your own hanging.

Ideally, for my first flip it would be great for me to do some of the minimal skill tasks to make sure I stay within a set budget.

Im not your average stoned video-game playing dropout - I am a huge believer in education.

I live in the Metro Detroit area (Macomb County), so there are plenty of fresh foreclosure listings every week.I would ideally like to pick up a property for 50-60% FMV, fix it up, and live in it while trying to sell for a profit.

For the most part, I have been really, really happy with my investments, but like most people playing the real estate game, I have made some mistakes.But that is for another topic.

An Unsecured Line of Credit is absolutely ideal for a deal or situation like this.

our rentals are long term SFR -- but I must say that landlording from afar is only possible becausea) we have family or super good neighbors within 1 hour of the housesb) we screen our tenants quite a bitLong distance landlording isn't ideal - but its the best option for us right now.

Is this not the ideal time for something like that??

I have a select number of direct commercial lenders that I deal with and I don’t shop deals.

The guy who plays the French Planter-Emile is such a fabulous singer that the women in the play get a bit weak-kneed whenever he sings "One Enchanted Evening".We're about an hour west of Austin and an hour and a half north of San Antonio.Come on up and watch us.