both have 5yr pre pay penalty. 

Part of this is due to marketing and pre-marketing of the home - an agent is your marketer. 

It's probably going to mean paying points at closing, a high rate, and a serious pre-payment penalty (like 5 years). 

Those are great options for rolling renovation costs into your mortgage.

We are reaching out to this amazing platform for some help and direction to get things rolling.

So, if you’re ready to roll up your sleeves and dive into the world of real estate, the BRRRR strategy might just be your ticket to success.

I live in Honolulu currently but used to live in Tokyo (mother is Japanese) and still travel there on a regular basis (pre-Covid).

Even if you want to roll the dice, at least is a calculated risk, not a surprise down the road. 

I’ve taken care of all my debt and am pre-approved for roughly $220,000.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate which is around 7% in today’s market).If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a FHA 203k Loan.