The house is also on the market (for sale as a rental property), which makes me wonder if they hoped it would become someone else's problem before we discovered it.I followed up by calling the realtor selling the property and asked some general questions, and slipped in a few about the wiring and split utilities.

But once all these needed repairs were discovered, things looked pretty bleak.Glad to hear others agreeing that this is no good, I'm out

It's inspiring and she will discover something new from the last time she read it.

I'm happy to speak with your lending institution if they're interested but need more information/clarity.

For example, you get the house under contract for $100K, you estimate the ARV based on after-rehab value comps at $210K, but you discover the house needs $90K in renovation.

I've done my share of quant analysis and drafting / reviewing legal documents in previous roles as an investment banker and an attorney, and now work with high-net-worth folks for the Private Bank of a major national financial institution.

Good afternoon ladies and gentlemen,As I prepare to get into the market and actually purchase a multifamily I have run into this financial institution claiming to help Veterans with getting a loan.I understand they are a lender but I would appreciate it if anyone else has worked with this group and willing to share their stories?

Our experience is that the ARV's in these areas are not reliable and the comps tend to be all over the place.If we look at what institutional buyers are paying here in the Midwest for similar deals to what yours will become is around $40,000 - $50,000.Always bottom dollar your estimate with the exit strategy.Just my opinion.Thanks and have a great day.

I discovered Bigger Pockets online and knew this was a great choice to really help me move forward with my real estate investment plan.

You're beginning to discover your unfair advantages already!