Owner occupied 1st fix n flip

[Cheri Castro]

I found a home that is move in ready; Minus the roof which is 21 years old. It's a 3/2, granite counters, wood floors, tile kitchen and bathrooms. Huge screened in lanai in a prideful pocket neighborhood. Great starter that's move in ready. Its listed at $269,000 "knowing the roof has reached its term".

I plan occupying this home for 2 years and then renting out.

Question: My plan is to rent it out in about 2 years. Do you think its better to pay for a roof cash? or roll it i to the loan? What strategy should I use?

What is the best strategy to use?

[Cheri Castro]

@Christopher Phillips

FHA will not finanace a home without a roof completed. I could pay for the roof or the owner will pay with a price adjustment. 203k is available too.

Conventional loan will alow the roof but, I also hear they have a roof program (like a 203k) with lower rates compared to a 203k.

My goal is to drive up equity, buy and hold to rent out in 2 years.