I split the unit into two.

I'd like to your feedback on two options I'm considering.

We have our agent and lawyer selected but are between two different lenders.

FHA 203k could get your foot in the door with a light fixer though to build that equity you are hoping for.

(just like a 2nd but shows up as one loan that has two payments each month) You do these when the seller has a lot of equity and will do a “carry back” instead of requiring cash at closing.

Theres two comps very nearby in very similar sqft that sold which was 391 price per and 429 price per sqft.

I'll offer myself as free (Saturday) labor for any experienced DIYers who might teach me trick or two.

I was only approved for 385 based on my w-2 by broker one but broker two said I would be qualified well into the 500s bc the property has proven income.

It gains you experience with two solid CC companies.

Purchase price: $171,500 Cash invested: $20,000 Sale price: $216,000 Sold for full asking price in 4 days - $24,500 Profit in two months!