However, I was expecting to do a cash-out refinance subsequent to the purchase which would effectively let me recoup the money spent on repairs and leave me at about 75% LTV.

Be quick on the draw and it wouldn't hurt to offer cash.That being said:Consider changing your target properties temporarily.

After closing, we spent a month doing design, architectural drawings and getting permits.

He has his attorney draw up the note and deed of trust.

Ask if there are fees to do draw inspections.

Hey All,Im going to be drawing up a business plan pertaining to my new career in commercial real estate.

One legal defense I have heard of is hiring a Certified Access Specialist to draw up a CASp report (details all the necessary upgrades to become compliant).

You have just enough (by my standards of risk tolerance) to utilize a hard money lender to assist with a deal provided you have some additional consumer credit lines to fund material purchases to do a pretty decent rehab on an ARV 100K house or less, purchased at 70% ARV minus repairs, needing up to about 30K in rehab.For example, you find a house that is worth 100K retail.You see it needs about 20K in rehab including all holding costs not including debt service (utilities).You pay 70K (70% ARV) minus 20K = 50KYou get a HML and put in 10% DP = 5KYou use your remaining 10K to fund rehab and use consumer credit to fill out the rest (or a different combo of cash and debt, or you can get draws on the HML, but that is more expensive - of course you might need to do it that way because the HML may not want to work with a loan of only 40K).Now you have 70K wrapped up in the project plus there will be around probably 5K in HML fees for origination and 6 months of holding.

First, if it's month to month, you can draw up a new lease whenever you want.

So I was Drawing closer and closer to closing when I saw this place.