All Forum Posts by: Matthew Hansen

Yes, it does take a little longer. You need to source the work through actual vendors(general contractors, construction companies etc). Then an appraisal is done based on those repairs.

The lender/loan holder then releases the money to those contractors when the work is complete. You do not get free access to the money.

Hi Jill,, My name is Matthew and I live in Nashville as well. I am in the real estate business so my choices may be a little biased but here they are. Yes, you can buy a duplex with an FHA loan. I believe you can rent up to two units. If you can buy a duplex, and rent the other side out that would be huge. Otherwise, you could buy a house with extra rooms and could use air BnB to also pay your house down very quickly. I have a few friends doing the air BnB deal, and they are loving it.

If you are not working with an agent already, I would love to talk and see if I could help you out!!

Matthew Hansen

Benchmark Realty

615-804-0540

[email protected]

Www.MatthewHansenhomes.com