All Forum Posts by: Tommie Thomas

Hello B.P. I'm looking for some recommendations for a reliable contractor with experience working with 203K loans in Pittsburgh, PA. 

@Stephanie P. thank you, I was having a hard time google searching FHA loan lenders in Pittsburgh. I started calling contractors and asking for recommendations. I'll reach out to Michael Cohen today.

@Andrew Postell and @Jaysen Medhurst I started looking into FHA 203(k) and homestyle loans. This bigger pockets site is golden I'm finding a wealth of information on here about the FHA 203 (k) loans.

Hello, everyone, I'm looking for some advice on funding. I've found myself at a crossroads because I had my mind set on using a HELOC to fund my rehab on my duplex. I live on one side of the duplex and I'm remodeling the other side. I gutted one side prematurely and then I went looking for a HELOC. During this process, I found out that it is very hard to receive a HELOC on a residence that is not livable. Every HELOC I applied for appraised the duplex as if it was one unit because the duplex is under one roof. This is my first rehab and I'm looking to evaluate my options. There is no mortgage on the property. I'm looking to rehab this property refinance and use this as a spring board into buying a multi-unit property. Any advice is greatly appreciated.

@James E. I started looking at local credit unions, I never thought about looking into a construction loan. Thank you