Baltimore, MD · Member since 2015 · 301 posts · 82 votes
I'm looking to buy multi family property in the Baltimore area and I'm researching my financing options. I see properties that are selling in the $40k range that, at first glance, does not need extensive renovation. Lets say hypothetically, rehab will cost $10k to rehab the unit ill be renting out, ill will bring the unit ill be living in up to date over time. Will a lender consider doing a 203k for a 50k deal?
What are my other options with little out of pocket cash?