Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation: There are no required improvements or restrictions on the types of repairs allowed.

Homes that need to be rehabilitated for reselling purposes. 

I'm originally from the Orange County area and have been in DC for 5 years, I'm ready to move back home but I can't find any Wholesale or properties in need of rehabilitation that will allow me to get back to the Irvine/Newport Beach area at a decent price.I go to OC one week a month for work and I'm only seeing overpriced deals in the nice areas of South OC, and market rate or just above market rate in areas like Westminster, and Santa Ana, these use to be the go-to cheaper neighborhoods.I'm getting so frustrated I joked with a friend about funding a Wholesalers marketing campaign just to get a property in the Irvine/Newport area since that would be cheaper than paying above market rate.

I have been rehabilitated my mother in laws house for the past three years, with the little bit of money I make, while fixing my credit from a mother that used my name in my younger years irresponsibly.

@Kole Kingslien  Guidelines for land contract:- Payoff of Installment Land Contract Requirements When the proceeds of a mortgage loan are used to pay off the outstanding balance on aninstallment land contract (also known as contract or bond for deed) that was executed within the12 months preceding the date of the loan application, Fannie Mae will consider the mortgageloan to be a purchase money mortgage loan.The LTV ratio for the mortgage loan must be determined by dividing the new loan amount by thelesser of the total acquisition cost (defined as the purchase price indicated in the land contract,plus any costs the purchaser incurs for rehabilitation, renovation, or energy conservationimprovements) or the appraised value of the property at the time the new mortgage loan isclosed.

  #4 You can try to approach any nearby ALF or rehabilitation or mental health company and ask if they are willing to expand their portfolio and you can lease it to them for 2 or 5 years (usually 1.5 or 2 or 2.5 times standard rent).

To date, since December 2017 I have been in a current state of rehabilitation of the one side.

It may also be worth having a 203k consultant come to see the property to determine the amount of repairs, just like we would with a home inspector.Any unused rehabilitation funds in a 203k loan will be reapplied to the principalThere is no early redemption penalty for any FHA loan.This is the basic research I have done so far.

Never purchase homes that need major rehabilitation.

Do you buy, rehabilitate and sell properties?