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Updated almost 5 years ago on . Most recent reply
What rehab is better than the other??
Sup
Hi all , I am a newbie at this.
So please correct me if I have the wrong idea.. any suggestions are greatly appreciated ..
I am in my 5th year of my FHA single family.. I am looking to re-fi soon into a conventional... the plan is to get a new FHA for a Multi-Unit . Live in one part and rent out the others..
Current Loan balance 160k
Loan officer (friend of mine) said my area is 220k+ . Recently sold in my area is 220k+ on Zillow.
I was wondering what rehabs are more important than the other when it comes to the reappraisal.
Recessed lighting?
Improve kitchen?
Improved bathroom?
Exterior improvement?
If there are any pieces that I am missing / that’s I am not putting into consideration please let me know.. I am trying to make my first move to become financially free.
Thank you all for your time and help!