Updated over 8 years ago on . Most recent reply
How to get financed with roof leak
I am currently looking at a 4 plex that the seller has disclosed has a roof with some leaking issues. The property is listed for $114k however the rents in the area would bring in about $900/month per unit. I would plan on house hacking so it would bring in $2700 more than covering the mortgage and taxes and insurance. So my question is if anyone had suggestions on how I would be able to still get this financed through an FHA loan?!
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So, you don't have the money now to do the repairs? Why would you buy something you can't afford? Here is a great educational video you might want to check out;