Hi @Yents Ybrimovic - I love the FHA 203k renovation, but to be honest I love the Fannie May HomeStyle renovation loan even more.As an investor and a general contractor, I have used both products here in Chicago!

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

For the few that understand this niche it can be extremely lucrative.Takes less money, less time and hassle, and there’s little competition.

I would also tell you to be extremely careful when doing contracts with builders. 

Overall, the setup and funding process was extremely straight-forward and the customer service was great.  

I like the product but their policies drowning them down in competition.

The current owners have extremely low occupancy and are open to selling.

As your banks have made very clear.Getting a second job would be financially more productive and less work than wholesaling. 

Also when it came time to pick the finish products (tile/stone/fixtures/etc) I would request getting the manufacturer, the model #, sku#, picture if possible...everything.

Over the last (3) years I have seen some extreme cases of expedited equity where an investor buys an older home or "Ugly Inventory" and then bats clean up on the ARV in 12 months.To give you an example I helped an investor refinance her home in 2023 pull cash out to buy a $65K home all cash.