Loan Options for Investment Property that needs Rehab Work

Loan Options for Investment Property that needs Rehab Work

Specialist · Jackson, MS · Member since 2021 · 27 posts · 20 votes

Needing solutions/ advice on how to purchase a 2 unit home needing around 50K in repairs. I'll live in one unit. One unit is already rented covering the mortgage, or 90% of it. 

Cost 150K, Repairs 50K-60K, will bring $3300 when rented, I'll live there while renovating, 3,5% down, i have excellent credit. 

What I need: Available loan options to make this happen. Or other options. 

0Reply
30 views

1 Reply

Jump to latestLatest
  • Lender · Huntington Beach · Member since 2008 · 120 posts · 57 votes
    5y

    203K, it is a standard FHA program.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.