Financing first BRRRR

[Freddy Alban]

Hello BP,

Is it possible to get a mortgage for an amount higher that the actual cost of the house? The difference will be for rehab. I understand some banks won’t allow this, but can I put it in the contract with the seller?

I’m having a difficult time financing a property that needs rehab even with excellent credit and 20% down payment.

Thanks for your feedback!