Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

User Stats

4
Posts
3
Votes
Reuben Pena
  • Chicago, IL
3
Votes |
4
Posts

What loan options do I have to rehab building violations?

Reuben Pena
  • Chicago, IL
Posted

Hello BP family,

I recently purchased a home with an FHA 203K loan. Rehab portion of the loan was to repair some interior work worth up to $65k. unfortunately 1 month after closing, I had one of the tenants that was getting evicted complain to the city and I ended up getting a bunch of building violations.

These violations are to fix porch, roof, and masonry work. bids that have received are totaling up to $150k.

I'm looking to see what options are recommended to finance that additional rehab work needed to clear violations. 

Most Popular Reply

User Stats

1,749
Posts
1,407
Votes
Paul De Luca
  • Real Estate Agent
  • Chicago, IL
1,407
Votes |
1,749
Posts
Paul De Luca
  • Real Estate Agent
  • Chicago, IL
Replied

@Jonathan Klemm

business profile image
Magnus Properties LLC
4.9 stars
24 Reviews

Loading replies...