Real Estate Broker in Clear Lake, TX · Member since 2018 · 20 posts · 9 votes
Been working with several investors on flipping houses in the Houston/Dickinson Area where flooding was bad durring Harvey. There have been a lot of opportunities and I would like to flip one on my own but having issues with conventional financing on flooded homes. Any suggestions on what the best way to finance one of these flips might be?
Been working with several investors on flipping houses in the Houston/Dickinson Area where flooding was bad durring Harvey. There have been a lot of opportunities and I would like to flip one on my own but having issues with conventional financing on flooded homes. Any suggestions on what the best way to finance one of these flips might be?
I've been assuming folks are using Fannie Home Style? It's a reno mortgage like 203k, but for SFRs it'll go for investment properties. I'm not in that market, so that's speculation and/or what I'd be looking into.