Hi George, When you are purchasing for a primary residence, there are plenty of options for 0%-5% down payments.

I’d love to get some thoughts and opinions on a different option.

You could do a standard option contract…how big is the parcel?

But since she is still a first time buyers we are still getting low down payment options. 

Hey Devin, lots of available great options.

Sounds like a good problem to have and you have several options but here are 2 good options:1.

While you await your cash-out refinance in Virginia, exploring a hard money lender (HML) is a speedy option.

Submetering is also an option.

@Anna HoweConsidering your upcoming move and the challenges of long-distance property management, selling your home in Winnemucca might be a better option.

From my research it seems prices have gone up a lot in recent years so I am wondering if this strategy is still a feasible option for someone looking to start with a SFH for 150k or below, adding value with a rehab and getting a high enough appraisal to make it work.