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Updated about 11 years ago on . Most recent reply

Devonte Dinkins's profile image
Devonte Dinkins's profile image
Devonte Dinkins
  • Property Manager
  • from Hagerstown, MD
  • Member since Feb 6, 2014
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76
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Devonte Dinkins's profile image
Devonte Dinkins's profile image
Devonte Dinkins
  • Property Manager
  • from Hagerstown, MD
  • Member since Feb 6, 2014
Connect
Devonte Dinkins
  • Property Manager
  • Hagerstown, MD
13
Votes |
76
Posts
Innovative Strategies

4unit Multi Family Rehab/FHA Washington DC

Devonte Dinkins
  • Property Manager
  • Hagerstown, MD
Posted

Hey Everyone,

Does anyone know if its possible to buy a Multifamily that needs to be completely renovated with a FHA loan? I want to buy the apartment for a very low price and then include renovation cost in the loan. For example buy the property for 50K and then do 100K in renovations, and have a total loan amount of 150k. Is this possible?

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