All Forum Posts by: Alex G.

The ARV may be limited by the lack of comps.

The zoning ordinance is too being overhauled.

https://www.somervillezoning.com/

Talk to the MHP owner.  You may be able to negotiate a few months of rent-free rehabbing.

Check with your 401k plan administrator if you may borrow against your 401k and avoid the withdrawal penalty.

What makes you think you can make money flipping houses?

I/o HELOC is the best because you would not be charged interest until you withdraw funds.

Foundation, electrical system, asbestos, led paint, termite infestation.

The house was listed on 4/3 at $149,900 and, again, on 8/8 at $210,000.  What happened?

Are you planning to flip the house or rent it out?

Putting more money down to increase equity is rarely a good idea. Considering that VA loans do not have PMI, your best bet is 0% down.