Here's the official description: Section 203(k) insurance enables homebuyers and homeowners to finance both the purchase (or refinancing) of a house and the cost of its rehabilitation through a single mortgage or to finance the rehabilitation of their existing home."

If yes, then you can do a FHA 203(k) loan, which will fund your purchase and the fix up.

Another great option to consider is using a self-directed retirement account (such as a IRA, Roth IRA and the previously mentioned Solo 401(k)) to invest in real estate.

@Chan K.

I was told we can contest this and it will be dropped unless they can show it happened recently.We have not tried any of this yet, and just put the signs on all of our properties so we will see if it helps@Dawn Anastasi@Mehran K.

@Chan K.  

probably go for 150-160 K

Originally posted by Meg K.

@Chris K.

@Adam K.