All Forum Posts by: Christine Edwards
Christine Edwards has started 12 posts and replied 23 times.
Post: Looking for advice on financing options to cover rehab

- TX
- Posts 23
- Votes 3
Am I allowed to ask for your preferred lender for hard money? There are so many of them
Post: Looking for advice on financing options to cover rehab

- TX
- Posts 23
- Votes 3
I have a rental property currently leased through May 2021 with about $60,000 in equity.
I have my personal home that is in desperate need of an upgrade. Purchased foreclosed property. Was using savings/credit cards...etc to fix it up. Now the items that need done are larger, i.e, siding, roof, windows, electric upgrade. etc.etc.
The second home current appraisal $150,000, balance 128,000. After rehab value could be in the range of $400,000 based on recent sales of other rehabbed homes in the area.
Just not real sure which way to go from here. I am sure I didn't include some information I should have. Please ask questions. I could really use some guidance on what to do.
Thank you in advance for your help
Post: Current financing available for owner occupied multi?

- TX
- Posts 23
- Votes 3
I am looking at purchasing a multi-unit property. Does anyone know of a lender that would do this as owner occupied? I find things that say I should be able to go FHA minimum down as long as the is 4 or less units. Is this no longer the case?
Thank you in advance for your help
Christine