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Updated about 9 years ago,
using what I have to my advantage
My house is a two family and I have a loan for 50,000 on it. We live in the top and rent the bottom. It appraised for 90,000. I think realistically it would sell for 75 or 80 K. How can I use this to my advantage to sell and get financing for another fixer upper. I now have a down payment if I sell my home but how can I get financing for a next property that needs a lot of work? Seems like I need a lending expert to speak with as I don't want to lose money having to hire professionals to do all the work due to a fha 203k loan if I cant pay in full for something. I need some sound advice on lenders who will play ball. Any thoughts? Steve from st. louis. Thanks