As for soft costs, you’re looking at a fair amount for a condo conversion-there are legal docs to have drawn up, reviews, surveys, recordings, setting up the HOA, reserve studies etc.

I sent you a PM with a link to an intro to SEC 8 doc.

Still need about 3-4 days for CDs, balancing, docs, funding and recording.  

If I only have $10k to my name, and I happen to find a deal that takes no money down, a) you likely still have some costs, and b) what happens whatn the boiler goes out 2 weeks after closing and the chimney starts leaking a week after that?

It is best to have the washer and dryer in the basement if the washer or hoses leaks/overflows. 

I like the idea if the deal goes through to re-sell to another investor to get our money out of it and let him deal with mold issue, the leaking plumbing, and the leaky roof.

I assume you are mostly looking for leaks and water damage?

They won't be able to fix that problem as there is probably a small leak in a pipe or a crack in the foundation or a bit of water coming in from somewhere or moisture building up in the home.I also agree with Nathan about taking the first contractor to small claims court.

The terms are usually more flexible than hard money, and you can negotiate interest-only payments until the flip sells.Business Credit for Real Estate – A lot of investors use no doc 0% interest business credit to cover down payments, materials, and labor costs instead of tying up personal cash or taking on a loan and you .

Citizens first position HELOC CMG a financial 70% LTVEast West Bank, up to 60% LTV with "no docs” Figure 80% on a rental, not in LLC First Florida Credit Union https://firstflorida.cumortgag...