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Updated almost 5 years ago,

User Stats

36
Posts
25
Votes
Raphael Abreu
  • Real Estate Agent
  • Miami, FL
25
Votes |
36
Posts

Question on FHA loans for properties that need rehab

Raphael Abreu
  • Real Estate Agent
  • Miami, FL
Posted

I've heard David Greene talk about banks not lending on properties that are complete gut jobs. He mentioned that you'd have to go unconventional for the most part to buy a value-ad opportunity. Is this always the case? I'm going to be saving for the down payment of an owner occupant house hack deal & looking to go the FHA route. I want to find something that can use Maybe Some cosmetic work. Do you think it is possible to find lenders that would lend on homes that are in need of cosmetic work?

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