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Updated almost 7 years ago on . Most recent reply

Michael Daharsh's profile image
Michael Daharsh's profile image
Michael Daharsh
  • Investor
  • from Tampa, Fl
  • Member since Dec 8, 2015
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11
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Michael Daharsh's profile image
Michael Daharsh's profile image
Michael Daharsh
  • Investor
  • from Tampa, Fl
  • Member since Dec 8, 2015
Connect
Michael Daharsh
  • Investor
  • Tampa, Fl
2
Votes |
11
Posts
California Real Estate Q&A Discussion Forum

Financing a Buy & Renovation: Personal Home

Michael Daharsh
  • Investor
  • Tampa, Fl
Posted

Hello BPers, 

I am looking to buy a fixer-upper in North Bay and need to finance both the mortgage and the rebuild. It won't be a complete tear down and start new, but will cost around $400-$500 k in repairs and expansion, while the home will cost around $1.1M to buy. 

My question is which is the best financing option for something like this? Will bank finance or use Fanniue Mea on loans this big? 

Michael

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