They used to talk about the 2% rule, which was basically a ruse to get you to buy in the absolutely worst part of town where you got 2% on paper and only on paper.

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

You may do some research on what life is like on both ends and make a decision from there. 

Focus on undervalued properties, prioritize high-ROI renovations, and refinance to pull equity for future deals while maintaining 20-25% equity.

I am very familiar with hard money:1) you will mostly find a 10-13% interest rate range in the market depending on the combination of previous experience with rehabs and credit score.

For example, there were a few recent duplexes for sale around $350K-399K, with 20% down, and the potential to get $1,200–$1,300/month in rents on both sides they would have the ability to cash flow.

Your property sounds a lot like one of my clients in the urban core of Kansas City, though he focuses on SFRs.

Hello everyone,I am currently working on a pre-foreclosure list (SFR) and I am wondering what strategies are best for no/low equity properties vs. high equity properties.

She's been on the Tax Panel at BPCon with me for the past few years.

However, my other properties will depreciate for tax purpose, therefore I have paper loss, but I still cashflow on those.