Updated almost 4 years ago on . Most recent reply
FHA loans and Rehabs
Good morning BP fam!
I was curious as to if anyone knows how much of a rehab can be done if I plan on using an FHA loan. I know that to meet FHA requirements, the home has to be livable. What type of rehabs should I be looking for in my search? I really want to add a little value up front but not sure what types of rehabs I can and cannot go after. This will be for my first investment property (seeking small MF 2-4 units). Thanks for any responses!
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@Thomas O'Donnell I househacked a duplex that needed cosmetic rehab. As long as the property has a solid roof, plumbing, etc. then FHA would qualify. I put in about 12k of work.