We have extensive experience with HUD 221(d)(4) and I encourage you to call (603) 647-4646 ext. 13 with any questions.

There is a telling picture on the photos of a downward hallway with extensive trim...that leads into the double arched basement with marble, etc.

Two were extensive jobs requiring total remodel with foundation repairs.

I have extensive experience in real estate investing- started a national mortgage bank in 99 grew it to 1.6 billion a year in loan volume- during that time i also grew title company.

I live in California, and given the horrendous state of the CA real estate market, I'm considering investing in properties.For the past few months I've been browsing through multiplexes on realtor.com, and have created a fairly extensive spreadsheet detailing numerous properties that look profitable.

I'm thinking giving him $500 and if the work is too extensive for my budget to complete or if I am not able to secure financing, I will wholesale it to someone more experienced/cash heavy.

If there's no language in the addendum about resale then you're fine.I hope you already have the buyer lined up, because banks don't typically grant closing extensions and will want to close quick.

You wouldn't want to sell an established entity that you conduct all your business dealings out of.

RE is local and transactions should be conducted as customary in that area.

If a transactional lender is involved with any type of lobbying organization they would naturally promote further extension of their product and services, which means no dry funding.