Want Fast Cash for Your Real Estate “Fixer-Upper”???

March21

 
VVBrown: Quick Fix

There is an option for that entrepreneurial buyer who wants to purchase and renovate real estate!!!  Sweat equity is still “alive and well”.  We’re not necessarily talking about “flipping” (although, seasoned professionals do still seize opportunities to buy, renovate and flip).  We are talking about a home to renovate and occupy or renovate and rent!  In today’s market, purchasing a “fixer-upper” can offer a unique opportunity for many home buyers.  A good financing solution could be the FHA Streamline Renovation Loan or the FHA 203k!!!

You can get up to $35,000 of loan proceeds to make the needed upgrades or repairs.  Your down payment could be as low as 3.5%.  The appraisal and loan amount are based on value after completion of repairs.  The loan closes before the work begins.  You can take up to six months to complete the repairs or remodeling.  The funds can be used for a variety of repairs and improvements, from roofing to appliances (almost anything but furnishings).   FHA is known for having less stringent qualifying requirements than conventional loans.

About the Author | Janeese Jackson

My job is service...service to you and your real estate transactions! How can you benefit from my 25+ years of experience and expertise? What can I offer to make the process more productive? * Current information on available housing...comparative and competitive market pricing and analysis * Daily involvement in the local real estate marketplace * Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business * Extensive network of professional resources to make the process as smooth as possible My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!

Leave a Reply

*

Live Comment Preview