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Updated over 6 years ago on . Most recent reply

Elina L. Solaita's profile image
Elina L. Solaita's profile image
Elina L. Solaita
  • Rental Property Investor
  • from Oregon City, Oregon
  • Member since Mar 14, 2018
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Elina L. Solaita's profile image
Elina L. Solaita's profile image
Elina L. Solaita
  • Rental Property Investor
  • from Oregon City, Oregon
  • Member since Mar 14, 2018
Connect
Elina L. Solaita
  • Rental Property Investor
  • Oregon City, OR
1
Votes |
4
Posts
Creative Real Estate Financing

Lending options for Mixed Use Zoning

Elina L. Solaita
  • Rental Property Investor
  • Oregon City, OR
Posted

Found a SFR 3 beds, 2 baths 1734 sq ft on 0.61 lot. Listing price is $500K. The upstairs has been converted into a rental with a separate entrance and electric meter. Rental could easily pay half of mortgage.

My issue is that lot is zoned as "Mixed Use" and I would only qualify for a FHA loan. What else can I do to get this property?

Open to all recommendations.

Thank you

-Elina

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