Can you renovate a home with just a lease purchase?
Hello BP,
I found a home that I want to purchase and live in but as a real estate agent I write off so much that my income is really low right now. In the next few years I will change this so for now I want to lease purchase this home and rent out the spare rooms to pay the mortgage. The home needs work however; parts of the foundation block are crumbling and the bathroom needs a full remodel. Is there anyway to just get a renovation loan to add to the mortgage that will allow me to upgrade the home?
Please help BP