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Updated over 5 years ago,

User Stats

2
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1
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Crystal Kilian
Pro Member
  • Scranton, PA
1
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2
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Foreclosure: Mortgage/Rehab Funding Question

Crystal Kilian
Pro Member
  • Scranton, PA
Posted

Hello,

I am new to real estate investing (buy and hold) and looking into my second deal to get the wheels turning. (First deal was a house-hacking concept.)

I came across a deal that happens to be a bank owned foreclosure small multi-family. 
A few questions:

1. Can I get a conventional loan with a rehab loan on an investment foreclosure? 

2. I am looking into back taxes on the property and doing a title search, not sure if there is any other "history" I should be looking up on the property or homework. (I will be having a contractor walk through with me to help with rehab cost, and doing comps of nearby houses that are currently going through similar rehab)

3. I was planning on only having my real estate lawyer involved in transaction. Should I have a real estate agent involved instead since I am new to the process?

4. Any other tips or pieces of advice are welcome. 

  • Crystal Kilian
  • Loading replies...