Way to but house i want

[Alon A.]

Hey guys, i would like to buy a house in Austin, I want to buy house that need a full remodeling and invest at least 100-120K on remodeling the house.

I can get Hard money loan & then get FHA when i re finance , what you would do in my position ?

I mean i prefer not to go hard money loan , but they will cover me 75% from ARV on rental . and i can take part of money to use it for the remodel.

I prefer to go with FHA from the beginning but i cant take advance on equity like i do with HML.

[Jason Wray]

FHA offers a renovation loan just need to check the COunty FHA loan limits. You can check that by searching FHA loan limits on the .gov website.

If not you can use a true renovation program for primary and get 80-85% LTV/LTC