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Updated almost 7 years ago on . Most recent reply

Brendon George's profile image
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Brendon George
  • from Atlanta, GA
  • Member since Jun 17, 2018
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Brendon George's profile image
Brendon George's profile image
Brendon George
  • from Atlanta, GA
  • Member since Jun 17, 2018
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Brendon George
  • Atlanta, GA
6
Votes |
20
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Starting Out

Quadplex on FHA 3.5 down with bad roof. Help!

Brendon George
  • Atlanta, GA
Posted

As mentioned prior I have recently purchased a Quad with a FHA loan, I currently have equity in the house from the appraisal vs sale price. Is taking out a HOME OWNERS EQUITY LOAN a smart way to take care of the roof replacement. All suggestions welcomed

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Pratik P.'s profile image
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Pratik P.
  • Flipper/Rehabber
  • from Sacramento, CA
  • Member since Jan 13, 2016
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Pratik P.'s profile image
Pratik P.'s profile image
Pratik P.
  • Flipper/Rehabber
  • from Sacramento, CA
  • Member since Jan 13, 2016
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Pratik P.
  • Flipper/Rehabber
  • Sacramento, CA
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Pratik P.
  • Flipper/Rehabber
  • Sacramento, CA
Replied

Wow, I'm surprised FHA overlooked the roof!

Get the cheapest personal loan you can find or put it on a new credit card that comes with 0% interest for 12months. Then save up money along with the cashflow and pay off that debt asap.

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