It is going through a major renovation/rehabilitation and a permitted addition of 720sq feet and 2bedroom/1bathroom.

Personally, I see it as a great potential to get into a rehabilitation project (owner-occupied) as a first time investor.

Hello BP:I am currently seeking a partner on a rehabilitation project.  

Hi BP Family, I’m in search for a dependable GC that provides solid craftsmanship and has had previous experience with 203K rehabilitation process.

Hi BP Family, I’m in search for a dependable GC that provides solid craftsmanship and has had previous experience with 203K rehabilitation process.

. $35000 is the max you can use for rehabilitation and the product limits the types of repairs you can do.

The building requires significant rehabilitation, but it is salvageable.

These are newly rehabilitated/flipped and some are 1970 vintage, but all asking prices essentially eliminate cash flow.  

Purchase price: $325,000 Cash invested: $325,000 Property is leased as a group home for the rehabilitation of individuals seeking treatment for drug and alcohol addiction What made you interested in investing in this type of deal?

Focusing on the renovation, the borrower required funds to not only begin the rehabilitation phase but the borrower would need additional funds to continue to advance the project.