We both have experience in the single family realm having bought and sold several single family houses each on our own using conventional financing.

Conventional lenders will not do reverse lending but portfolio lenders like private lenders and community banks that invest locally and hold their own notes have no problem with these at all.  

To qualify for a conventional loan, the down payment for a SFH or duplex is a minimum 25%-35%, because 20% is only for folks who intend to live in the home.2.

His mortgage was around 2.5% and I charged my buyer 5.5%.

And getting a conventional loan.

Google what it costs locally for a siding contractor or call around and ask what they charge per square(100sqft)If it’s just a few spots you can still calculate your material costs but it will be tough to get your labor cost without someone to look at it.

To make it work out in the easiest , most conventional sense, though, the purchase price must exceed the payoffs of the existing liens (mortgages, taxes, municipal, etc).

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

So, with Brandon in mind, I told the owner that I probably couldn’t get a conventional loan because of the amount of repairs.

We live in a society that you can earn money anyway you can think (driving a car, delivering food, charging a scooter overnight).