Purchase price: $250,000 Cash invested: $80,000 Off market deal form older landlord that called off a sign we had on another property we were rehabilitated .

Purchase price: $250,000 Cash invested: $80,000 Off market deal form older landlord that called off a sign we had on another property we were rehabilitated .

The building is now 90% rehabilitated as of 2020.

What is the FHA 203(K) Rehabilitation Loan?

Hey guys , so I purchased my first home (2 family) in 2019, took me about a year to rehabilitate it, so I moved in 1 unit and got the 2nd rented august this summer.Im now looking to refinance and the branch manager from the mortgage company suggests to use the equity on the property to refinance out of fha and in to a conventional loan.I was thinking of doing a cash out refinance to buy another multi family and possibly repeating the process.

For future properties, would I buy with my house credit and then use a hard money lender for the rehabilitation only?

While the house is being rehabilitated, will I need to start making mortgage payments while it’s under construction or does it start once the house is done?

Specifically, as I understand it, the plan calls for the construction and rehabilitation of over 500,000 homes in low- and middle-income areas and the expectation is that two million affordable homes and commercial buildings will be built and renovated over the next decade as part of the initiative.

This lender told me that since I am former military I should be using the VA rehabilitation loan.

But, it will rehabilitate more quickly after a short sale than after a foreclosure.