Hello fellow BP enthusiast,I am looking to invest in multifamily homes .

Second year distributions rise to 5.27%, third year 7.27%, according to the projections.Those projections may be at risk, for many reasons: the recent huge increase in interest rates -- increasing the cost of loans and decreasing valuations, insurance costs have skyrocketed, real estate taxes are up, labor and material costs for repairs & renovations have increased, etc.On the plus side, the majority of the ODC funds were designed to be high value add projects with plans to increase operating efficiencies, add tenants and raise rents.  

He also has a loan of 94k that I teased out of him but I don’t think he is interested in signing it over. 

Could I get a conventional loan on the property?

I've had a career in engineering, banking, international insurance and real estate investing and loved all of it.

Most older homes in SC are ventilated and breathe fairly well, so mold in the living space/attic typically isnt an issue unless there is a water leak where there is constant, excessive moisture.

We did live in it for one year to satisfy the FHA loan and then moved out, so unfortunately it would have to be refinanced as an investment property with worse rates (8.1%) and higher LTV (25%).

Have you ever heard of hard money loans?

My husband, a veteran, qualifies for a VA loan, but we're unsure if we should use it for an investment property.

This notice contains the homeowner's name, auction date and in some cases a description of the property/principal loan balance.