Investment Info:Single-family residence fix & flip investment.

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!

If your plans are in late 2025 to 2026 I think its too early to engage with agents as well as lender honestly.

Do you have to commit to only serving one type of resident over the other?

Look, Chad, I’ll be honest..

Willard,FHA has taken a bad rap over the years but to be honest it’s a great loan for anyone looking to use the banks money and keep your cash in the savings.

Should I refinance, I know I cannot do  HELOC because it is not my primary residence. 

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

You can check out their thoughts on how to approach seller financing here: Making Your Primary Residence the BEST Investment Ever (Better BRRRR!) 

I'm not so worried about "anonymity" because the house is our primary residence, so we're not hiding, but we want to look like we don't have excess assets.