A recognized environmental concern (REC), or a major issue, may cause issues financing or require an environmental indemnity in the loan agreement.A phase II is much more extensive and expensive, and usually involves the type of issues that will cause a lender to decline financing a property.

Hi All, I have a property in NY that was damaged by water, then mold, and now is ready to be repaired before sale. I have holding costs, and M concerned that it won't sell before the holding cost money runs out.  The ...

This way I can recognize potential deals a lot faster and hopefully make money for all of us involved.

I have reached out to local developers to buy me out and they are all too involved with other projects.

Fred Heller is right in that an estate attorney needs to review deal for Widow as we don't know how things are titled, is there a trust involved, is there a will and or if there is going to be fight over Husband's estate from family or anyone else.

Make expeditor contacts so you know exactly what is involved with obtaining permits and how much it will cost.  

But without the words condo being removed from the title the FHA would not approve.So now we are working for another extension and switching over to a home style renovation loan in hopes that we can get approval there, as HUD will not be involved.

I’m curious on the structure / finance of a deal when there are multiple investors involved.

I am no legal expert so I do not know what else would be involved in something like that but it seems to be something that could be done.

I am currently looking to acquire my next property and contemplating what method to use.