BillNumber=2779&Initiative=false&Year=2019

My initial observations are that I don't see many cheap C/D class single family homes.

Purchase price: $242,000 Cash invested: $17,000 Sale price: $365,000 This was a Live-In Flip investment using our 1st Time Buyer Loan Assistance programs to help offset the initial downpayment.

Here are some initial questions you might want to ask:1) How long have you owned the asset?

Again, you would not be refinancing but actually acquiring initial financing. 

We need all of your pro forma expenses, closing costs, initial repairs, etc.

The second option is to seek private lender from the onset, and secure the initial 50% down payment and pay mortgage to the owner for the next 80 months.

They were initially willing to sign a lease with me for $400 because their rent is currently $450 and the property manager was going up to $475 for rent. 

I also was wondering, after I complete the rehab and hopefully refinance the home, I pay the hard money lender back for the initial loan and get a fixed mortgage for 30 years.

I also was wondering, after I complete the rehab and hopefully refinance the home, I pay the hard money lender back for the initial loan and get a fixed mortgage for 30 years.