FTHB rehab without overleverage?

[Jehu Matthews]

Hi! I’m looking tot purchase my first home this year and I have been looking at properties that just need some TLC to be move in ready. My dilemma is that I worry that commercial lenders won’t fund any renovations or wrap it into the loan. I considered private money for purchase and rehab and refinance at a later time. Ultimately I do not want to be over leveraged, stuck paying a high mortgage for extended time, or live in a home that needs work I can’t fund 

what are your thoughts and recommendations for how I should structure my first purchase?

[Bob Anthes]

Are you looking to buy this home for you to live in or to rent out?   if it’s an investment property and it’s the right property with about 20% down, you could get a lender to finance the 80% and the construction costs.  Then refi out