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Updated about 9 years ago on . Most recent reply
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feedback welcome
Hello BP Community - Newbie here and I have what I think may be a good deal and would like some feedback from seasoned investors. The property is a legal 2 family, with a possible 3rd unit. My thought would be to rent the 2 units and occupy the 3rd unit. Being that I have little capital at my disposal, I would use a FHA loan to get in. Now, it does need some work to close off the 2 units more permanently and to finish the downstairs unit. Ideas how to either wrap those costs into the loan, or get those funds, would be greatly appreciated. I was thinking maybe seller financing for a portion if they are open to it.