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Updated about 2 years ago on . Most recent reply

Jordan O'Brien's profile image
Jordan O'Brien's profile image
Jordan O'Brien
  • Member since Jun 3, 2020
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Jordan O'Brien's profile image
Jordan O'Brien's profile image
Jordan O'Brien
  • Member since Jun 3, 2020
Connect
Jordan O'Brien
1
Votes |
5
Posts
Innovative Strategies

First Property - Live in flip (Financing)

Jordan O'Brien
Posted

Hey everyone, 

I'm looking to buy my first property as a live in flip. I have a first-time homebuyer program available to me that will cover 20K in closings costs and downpayment that will be rolled into my mortgage at a 6.9% 30 year conventional. I have the money to cover these downpayment costs however having the extra 20K in my savings will allow me to renovate the home faster. Should I take the additional assistance or not? 

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