You really opened our eyes to looking out of state and in particular turnkeys as we were continually running into walls and negative profit margins here in So Cal.

I am only looking to buy out the two greedy family members who have not paid a dime in taxes for the house yet want to all of a sudden sell because the house is in a gentrified area of the city. they have dollar signs in their eyes but don't want to get an appraisal or even yet a REALTOR

I'll read and catch up :)

I avoid this scenario altogether since dealing with one bank already takes three to six months, but two banks to see eye to eye, well, you're likely looking at up to nine months for an answer.

They told me it was a catch 22 scenario where they could not physically insure the place for the ARV as this was more than twice the purchase price, however they also couldn't insure it for $80,000 as this was too far below the ARV value?

Hi all,

I've finally found a regional bank that will write nonconventional rehab+purchase mortgages. They are 5/1 ARM, 20 year term at 5.5%. These aren't exactly Fannie terms but they look like the best avail...

How that may be viewed is, again, not in the eyes of the investor but in the eyes of competent authority.

Most don't catch it or care when it's a primary residence loan.

I'll keep my eye on this post.

No more human showing houses no more concern for personal safety.When someone remotely visits the property they can have the drone be their "eyes" on the ground.