I've been analyzing some deals and the possibility of using Homepath financing.I know and have looked up the basics of the Homepath program but wanted to hear from BP nation your experiences and thoughts.Also, has anyone been successful in getting the asking price down significantly or is negotiation limited because these properties are government owned?

I guess my situation could be worse, but I have a great multifamily under contract which very conservatively needs about $20k worth of work to be 'nicely' fixed up- new stucco, paint, carpet, updating bathrooms and kitchens, etc.The problem is I already have an FHA loan, and won't qualify for the ideal FHA 203k program.

So there is a flaw in the search program.

Several are part of due diligence studies I am working on right now for clients looking to get points reductions through Texas Department of Housing financing programs for low income apartment housing construction.

It has become much easier since I acquired this Dragon speaking program that allows me to speak the words instead of having to type them!

You probably want to chat we a lawyer to understand NV law and your position.

Hey Rob, have you ever used any program before to compare to?

Many loan programs will require you to be in the chain of title and some will require you to have owned the property for a period of time.

ARC was 31,000(we put about 10k in and got 5k back from energy program here in maine)gross rents 1,382owned free and clear, no financinglousy neighborhood, though it really hasn't been that bad, it's been slightly taskier than most (tenants not getting along, a couple of minor police visits, etc..)

Don't know about Capstone, but these discuss large investments in REO-to-Rent programs by OakTree and GI Partners, large pvt equity funds.