We are trying to finance an existing adult care home and our current commercial lender is offering 70% LTV roughly 6.5% 5 year fixed/25 yr amort.

Is there a way around it to get a conventional 30 year loan on a fixed rate for a 6plex?

Are there model matches renting for $1300?

Hello BP,I have a client that invested in a model home that a builder will be renting back from them.  

However, I didn't just quit and try to develop this business model from scratch.

I don't really care too much we usually gut all the houses anyways nothing we can't really fix. 

We always tell folks that are looking for fix and flip money, "You have to buy it right" meaning you better be getting 50% of the ARV if you want to have room for renovations and fees or renovations and ltv for end financing.Your statement that "the buyer should be able to withstand the chaos and take off" is interesting. 

The total expense to fix the property was $1850 but I still wanted to give him something.

The total expense to fix the property was $1850 but I still wanted to give him something.

A handyman/husband is a HUGE, HUGE help.My husband does the books including bookkeeping and accounting, bill paying and obtaining bank financing and he also occaisionally trouble shoots maintenance problems and suggests fixes if our handyman needs a hand and he uses his mad carpentry skills for renovating appartments.