All Forum Posts by: Christine Edwards

Am I allowed to ask for your preferred lender for hard money?  There are so many of them

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

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