Updated almost 8 years ago on . Most recent reply
funding an reo and repairs.
Hi I'm looking to make an offer on a upcoming REO property. It's a triplex in the pensylvania area. I'm planning to finance with and FHA loan and am planning to live in it. It was fully occuppied before the bank foreclosed on the property but needs a lot of work to get it in good shape. I was curious on what my other options would be for funding the repairs? btw the property was built in the 1900's and has a slate roof. I believe it used to be a mansion but was later made into a triplex! Thanks!!!
-Peter Arboleda
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@Peter Arboleda Regarding your comment "btw the property was build in the 1900's and has a slate roof". I have a rental built in 1905 with a slate roof and no issues with leaking or getting financing / insurance because of that. We just have it checked regularly.
- Tom