Once the site is permitted, it can be leased or sold to the highest bidder at it's maximum value. 

& @Nicole Heasley, FACo is a very large private institutional lender.

You'd find that in a private money loan and there are low interest-rate loans right now, even on the private money side, at least in CA. 

He’s sold parents, their kids, and grandkids.

@Melanie HeigesOkay. that makes sense.You have a few choices for flips:your own cash, or cash pooled with other investors.hard money or similar private lenders.You don't typically get a traditional bank loan for flips due to the condition.So, you would either get hard money loans that will lend for distressed properties or use you own cash.Hard money lenders base their lending on the project, not on your personal finances.

Homes still can get sold in one weekend with multiple offers but any rental property that has a flaw or pricing will be skipped as there appears to be enough floating on the market.

Thank you Regards Louis Tags: port st Lucie, Stuart, fort pierce, Jupiter, vero Beach, hard money, private lender, private money, mortgage broker 

Also referred to as non qualified mortgages or "Non-QM", they are a burgeoning industry (has been for the last several years) and lately, since the loans that were originated (and sold) have performed well on the secondary market as mortgage backed securities, more players are entering this arena.We close loans with Finance of America.

I think that's where I lucked out, people may have just assumed it was a single family home, it was also being sold through the court system as-is (joint ownership, one owner passed away). 

Why don’t you apply for a loan with a good private money lender