They request what is called an “as-repaired appraisal.”To give a general picture of how the as-repaired appraisal fits into the process here’s a very basic look at the steps involved in a standard 203K loan, sometimes called a Consultant K* loan:The borrower selects a property, a lender, a 203(k) consultant and a general contractor.The lender pre-qualifies or pre-approves the borrower, and determines that the property is eligible for a 203K loan.Working with the consultant and the contractor, the borrower submits a document that specifies all repairs.The lender requests an appraisal.

The deals that fit the 1%, and especially 2%,  rule are going to need to be made, most of the time, in the Charlotte area.

Ideally, a 2-4 unit which you and your brother can buy owner occupy. 

And you do that by exposure to the business by getting in & getting dirty.So get out there and start exploring, get with us if you have any specific questions, and find out which of these you were made for because all of your knowledge, experience, network, passion is going to be a most excellent fit somewhere. 

@Michael CraigI’ve definitely at least the thought out the option but it’s not an ideal living situation for my family.

Anyone have recommendations for a buyer's broker in Queens NYC who is familiar with Queens neighborhoods and ideally multi-family properties?

Ideally they should be working with you on different aspects on your personal and professional life as well as on your future aspirations. 

Ideally in Chester or Delaware county. 

You generally get a little better rate because they have a bigger pool of money to draw from, but if you don't fit inside the box exactly they can't resell it, so they won't do the loan.That's why one of the first questions I ask myself when dealing with lenders is, do I think this one will "fit in the box" or not - I want the best rate of course, but I also don't want to waste my or the loan officer's time if I know it's probably not going to work from the get-go.

Especially accountants that know how to handle fix n' flip business finances, taxes, and ideal structuring.Any recommendations will help!