I really go the extra mile to help out of state investors to understand our large metro market, and then close on a property successfully no matter where they are. 

Thank you Rahul,Delayed financing requires two closings, but it gives you the bargaining leverage of cash purchases while recovering a bulk of your initial capital and providing funding for the rehab. 

You could close out your HELOC and try to get a new one but I am sure your rate will be much higher.

You might be able to offer them close to asking price if they will contract with you for a no or low money down situation.

The turnaround time to close was super quick.

One of the reasons I have been successful in rehabs is because I have my projects lined up before I even make the purchase and then the work typically starts the day I close on the property.

Account Closed Thank you🙏

I am close to Cleveland.

Plan on 65% LTC, at least one sponsor/borrower that has done a similar project in the past in terms of scope and dollar amount (inclusive of if you add a new partner willing to share in the risk/reward), 10% post-close liquidity (can't use loan proceeds to check this box), net worth equal to or greater than the requested loan amount not including subject property in net worth calculation (adding the other sponsor/borrower can fix this, too).

After all is accepted by the Housing Authority with the booklet, they will schedule an inspection where they come out and check a list of items including looking for peeling paint, windows open/close/lock, smoke detectors /co detectors / fire extinguishers all in the right locations, GFI receptacles in the correct locations, grounded receptacles if 3 prong (ground not needed if 2 prong), and the list goes on.