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Updated about 11 years ago on . Most recent reply

User Stats

97
Posts
37
Votes
Patrick T.
  • Specialist
  • Spokane, WA
37
Votes |
97
Posts

Lending restrictions for buyers of your finished rehab

Patrick T.
  • Specialist
  • Spokane, WA
Posted

In a previous life I was a licensed realtor (currently inactive). As a GC, I’m now focusing on rehabbing SFRs in middle class neighborhoods. I’m meeting with my favorite “mortgage chick” (as she calls herself) to talk primarily about financing the buyers of the finished property. J Scott has some good information on this in his book, especially regarding the “flipping pattern” and large % increases in price after the rehab. So I’m curious what experiences BP nation has and what you would discuss with your lender(s) to smooth the path forward. Thanks all!

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