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Updated almost 5 years ago, 01/31/2020
FHA loan - Rehab - refinance to conventional
Hi BP!
First time post post here. Just wanted to see if anyone has any experience/success with the following strategy:
Close on a property using an FHA loan (less than 10% down). Put money into a rehab to increase the value of the property, and refinance into a conventional loan at the increased value.
Looking forward to connecting with those who have had success with this strategy
Thanks!
Marco