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Updated over 5 years ago on . Most recent reply

Asa Ifill's profile image
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Asa Ifill
  • Real Estate Agent
  • from Huntsville, AL
  • Member since Jul 16, 2019
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Asa Ifill's profile image
Asa Ifill's profile image
Asa Ifill
  • Real Estate Agent
  • from Huntsville, AL
  • Member since Jul 16, 2019
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Asa Ifill
  • Real Estate Agent
  • Huntsville, AL
35
Votes |
128
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Rehabbing & House Flipping

Fannie Mae HomeStyle Renovation

Asa Ifill
  • Real Estate Agent
  • Huntsville, AL
Posted

I’ve been looking into investing into RE and looking for loans and have came across the Fannie Mae HomeStyle Renovation loan. This loan looks the best for investing into property that might need some work but not too much. Also, I am a first time home buyer. Please leave your thoughts or criticism!

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Rob Massopust's profile image
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Rob Massopust
  • Real Estate Broker
  • from Santa Ana CA [South Coast Metro]
  • Member since Mar 27, 2016
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Rob Massopust's profile image
Rob Massopust's profile image
Rob Massopust
  • Real Estate Broker
  • from Santa Ana CA [South Coast Metro]
  • Member since Mar 27, 2016
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Rob Massopust
  • Real Estate Broker
  • Santa Ana CA [South Coast Metro]
202
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459
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Rob Massopust
  • Real Estate Broker
  • Santa Ana CA [South Coast Metro]
Replied

I think this loan is perfect, FHA 203 k also is a good option.

3.5% -5% down, money to buy and rehab. 

I would take it one step further and look to get 2-4 units, get a co-signer if need be, buy a fixer, raise the rents, live their and you are golden. Flip it every 2 years tax free!

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