All Forum Posts by: Shantelle Smith

A hard money lender will fund ~70% of the purchase and ~100% of the rehab. Of course depending on your experience, qualifications, and the deal itself.

But if there is a house on the market for $99k in a neighborhood full of $200k-$400k homes, there has to be something horribly wrong with that home.

Is it backing up to a train track or an old steel mill? Is it condemned? Something is up.

No not condemned not near train tracks and not near steel mill. Now there aren’t many around $400,000 but as far as range that’s around the highest. Average price is about $180,000-$250,000.

0 Votes

Pittsburgh, Pennsylvania

Quote from @Khemraj Sarju Jr.:

This is possible. Have you rehabbed a property before? Have you or do you own any investment properties?

No I have never owned any investment properties hence the title “first time home buyer”.

0 Votes

Pittsburgh, Pennsylvania

I’m curious! There is a house on the market in my city for $99,000+ it has a good investment potential local homes are going for $200,000 to $400,000! My sister would be my real estate agent. Her friend is a contractor and it looks like a lot of the work we could do ourselves. Is it possible to get a home loan for about $140,000 possible less with a 650 credit score and 15-20% down?

0 Votes

Pittsburgh, Pennsylvania

All Forum Posts by: Shantelle Smith

Shantelle Smith has started 1 posts and replied 3 times.

Post: First investment home purchase

Post: First investment home purchase

Post: First investment home purchase