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Updated over 5 years ago on . Most recent reply

Hud Malik's profile image
Hud Malik's profile image
Hud Malik
  • New to Real Estate
  • from Brooklyn, NY
  • Member since Mar 26, 2020

User Stats

69
Posts
30
Votes
Hud Malik's profile image
Hud Malik's profile image
Hud Malik
  • New to Real Estate
  • from Brooklyn, NY
  • Member since Mar 26, 2020
Hud Malik
  • New to Real Estate
  • Brooklyn, NY
30
Votes |
69
Posts
New Member Introductions

FHA loan advice needed for new investor

Hud Malik
  • New to Real Estate
  • Brooklyn, NY
Posted

I'm a new investor and I have a question about FHA loans. Let's say for example, If you purchase a rental property for $250k, but get an approval letter for $300k. Can the extra loan amount be used for rehab purposes? How does that work?

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