Updated almost 2 years ago on . Most recent reply
FTHB rehab without overleverage?
Hi! I’m looking tot purchase my first home this year and I have been looking at properties that just need some TLC to be move in ready. My dilemma is that I worry that commercial lenders won’t fund any renovations or wrap it into the loan. I considered private money for purchase and rehab and refinance at a later time. Ultimately I do not want to be over leveraged, stuck paying a high mortgage for extended time, or live in a home that needs work I can’t fund
what are your thoughts and recommendations for how I should structure my first purchase?