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Updated almost 11 years ago on . Most recent reply

User Stats

452
Posts
10
Votes
Michael Dunn
  • Olive Branch, MS
10
Votes |
452
Posts

HomePath property as an Investor............

Michael Dunn
  • Olive Branch, MS
Posted

Wanted to please get other BP members opinions on HomePath properties/Loans...
1. I know that the required Percent down, to purchase a HomePath property as an Investor is 10%, and with that, would it be best to pay for any and all required Repairs / Rehab work out of my own pocket, vs applying those costs to the Loan?

2. What are the current Flipping rules ? Is it still just 90 days?
And what about not being able to sell the property for a certain % above what you paind for the property, and or a certain % above what its ARV is?

Thanks much - Michael

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