You can even use an FHA 203(k) to buy a fixer-upper and finance the repairs in the purchae mortgage.Otherwise, you CAN buy a property on a land contract with an existing mortgage.

@John K. 

ANd they dont care about their credit and make sure their is no deficiency judgement there are bad actors out there that will intentionally not pay the mortgage and rip the rents until the bank forecloses a few years down the line all the while creamting the original sellers credit and frying their nerves and freying their marriage.

@Femi Ibrahim   There were so many deficiencies with your transaction, that a good lawyer may be able to find legal merit and file suit. 

Originally posted by @Tariq K Frantz:Thank you, Frank.

I used the FHA 203(k) loan.

@Jim K.

Hi @Chan K.

Government programs like FHA 203(k) can assist in purchasing and renovating homes, but certain regulations apply.

Keep it up great content I enjoyed every minute.Walter K