Renovation Loan Pre Qualification!

[Sean Watson]

I need some advice on how to start. My goal at this point is to get in the door with a pre qualified renovation loan in a market where I believe 200k is reasonable. I've never gone through this process but the market requires me to be pre qualified in order to make a quick offer when an opportunity comes available. Any advice or warnings for a new guy? I'm starting off not using an LLC or sole proprietor business and hoping to role this first initial purchase into one later on down the line as I get more experienced and confident.

[Tom Wagner]

Check out the 203k loan! I recently closed on a $1mm fourplex in Jersey City, NJ and wrapped in a $450,000+ renovation budget into the same note, totaling over $1,450,000 with just $60k down. For more details check out my twitter thread on my purchase:
https://twitter.com/twbuilds/s...

Feel free to DM me on here or on Twitter if you have any questions.