Do not commit mortgage fraud.Fannie Mae has a renovation program available to investors, but for SFRs only.Renovation loans are a niche product, there are loan originators that ONLY do renovation loans and others (I do this, but not in your state) that'll do the cookie cuttie reno deals and refer you to a specialist if it's non-cookie-cutter.

The biggest problem with people stuck in a trap like this is they are not willing to do what it takes to break free.Pack up their s**t and move to somewhere they can afford to get ahead.

The offers will look something like this....Here's the letter of intent that I actually use when I'm trying to make a deal with a seller without having to commit to a contract: ( if you use it you'll have to clean it up a little, it didn't paste right on here)=============================================LETTER OF INTENT TO PURCHASEDate: Sept 22, 2006To: XXXXXXXFrom: XXXXX XXXXXXXXXXXX Inc.Re: 50-plex residential property located at: XXXXX, XXXXX, XXXXXThe following sets out the basic terms upon which we would be prepared to purchase the Property.

i don;t know where to find them, I'd try googling with seller carry included.....I put "seller carry" content into my listings in hopes that it picks up keyword relevence.

Your client is in no way committed to taking out a loan for the amount stated on a pre-approval letter (see note below) and it gives the impression that the buyer should get their financing no problem so they won't be slipping out of the contract through a financing contingency. aka listing price is $250,000 and client is pre-approved for $575,000 in funding suggests they are nearly guaranteed to get 250k they need.2) Get a "fully approved" letter from a mortgage company, not just a "pre-qualified" letter.

Spaced lumber sheathing is not allowed in Seismic Design Category D2.TABLE R803.1 MINIMUM THICKNESS OF LUMBER ROOF SHEATHING RAFTER OR BEAM SPACING (inches) MINIMUM NET THICKNESS (inches) 24 5/8 48a 11/2 T & G 60b 72c For SI: 1 inch = 25.4 mm.

Jeremy T.

She is majorly concerned about the down payment taking up almost all of our savings and not having any "oh sh*t money" starting out. 

money (i just did a sloppy rounded 12%/2 +2pts for a 6mo t/a)36k closing (assuming 6%.. i didn't even factor closing on purchase)...oops...that puts me at 616k without room for profiteven at a 25k rehab, there's no profit.please enlighten me if i'm misunderstanding something.thanks!

Hunter, what J Scott was saying isn't that signing some documents is simply too much trouble, but that those documents eliminate most wholesale opportunities, unless you're willing to commit fraud and take the associated risks.