It took 4 people non stop to get that place cleaned out.

Most commercial loans on apartments will be 80 to 85% LTV but the great thing is that they are non recourse.

A single, non professional seller is not required to be liscensed under the SAFE act until (I believe) they sell more than X number of properites over X amount of time.

One thing to remember is land investment is a non-revenue (meaning long term or speculative) generating investment therefore the money invested is throw-away until you sell.

And the county is too lazy to differentiate between the two.Sooo, what you need to do is lean on the assignor to get your money back due to non-performance (as specified in the assignment contract), then in turn they will put the pressure on to release the property from whatever is holding it up.

This is where the 60% - 40% ownership rule by Filipinos/Non-Filipinos derives and is applicable as it is the Condominium Association that owns the Land and holds "Freehold" title thereto.

Shawn, I don’t believe anybody is going to tell you how to defraud a lender on a public form.

Then go back and re-finance the old house as non-owner occupied to obtain a higher LTV.

I know that it has a septic system, new dry well, public water.

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