Or if its not that much you could get some other type of loan and use a 2nd lien on the property as collateral.

I moved to miami and it's tough to do here columbus land is cheap. lower than lenders even require our buyers have to come up with additional equity just to close the loan. not sure austin's economics but happy to look at a case study with you to see if it's feasible 

Properties here often fall well below $150k, and the market is expected to see home prices rise by 10.5% in 2025.

I hold licenses within real estate, insurance and securities for this very reason.

I would check with your insurance agent and the city.

I got the loan.

Hey @Cameron MarroPersonal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral.

With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.

If the home pays for itself and you can afford it, keep it.

If your loan is $110K then the payment on the 15 year would be $927/month at 6.15%; 30 year option at 6.625% would be $690.