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Updated almost 5 years ago,
Whats Best Rehab Loan 4 Owner Occupied Triplex - Hard / Private $
I need about $40-$50k and i have great FICO scores All in 720 - 790 range, just no equity since i just purchased and also i do not want to use HERO or Greensky or any loan that will give troubles when trying to REFI in 6mo - 1 yr.
I have just closed two weeks ago on a Triplex in Bloomington CA, Appraised at $350,000k , Its 3 Separate Structures on 8400 SqFt Lot.
Unit A - 3/1 House Built in 1951, ( Never Rehabbed) Great Bones .
Income: None , I occupy
Unit B - Studio converted Separate Garage (Not Permitted)
Income: $450/mo increasing to $600/mo in July
Unit C - Separate 1/1 House. (needs Very Little Work)
Income: $800/mo