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.

(aside from death, etc..)Start your research at the township hall.I am embarressed to say that one of our properties that should have been grandfathered in was sitting on a non conforming lot and the township would not let us rebuild on it.

The upside is the normal IRA tax-free treatment.