But, whay typically do the homeoweners need to settle with the bank once the shorts sale is accepted?

Dan, I think prices vary quite a bit across the country, but here's some ballparks from my area (SC)1) Kitchens...too hard to say since there are so many degrees of finish, but expect to spend a large portion of your rehab budget here2) For a small bathroom in a typical rental, I'd say 4-6k.

Typically, it converts to month-to-month and specifies the notice you have to give.

What is a typical LTV rehab loan??

cchilds1119:Typically, in order to get the money at closing that is the difference between the selling and appraised value, you'll need to use that money for the repairs of the home.In response to your 2nd inquiry, no, you can technically get the money at closing if (big if) your banker will allow you to do so.

I think typically when I'm on the site I can see that there are usually about 15-20 other people visiting at the same time.

Although I wouldn't have a clue about the local laws of Illinois, in my opinion, first of all, a "mechanic's lien" typically is filed by a vendor... for example, a garage mechanic files for an unpaid auto repair bill, or a lumberyard files for supplies delivered to a site but not paid for.

I don't disagree with Mike's numbers if this were set up as a typical rental.

Typically, if you want to wholesale a house, you do not need funding.

Rates and points are high and the term is typically only six months.