I would love to do something like this in the but an FHA loan would not allow us to purchase something that is inhabitable. What type of loan did you use? Or do you have any recommendations for loan types that would allow buyers to purchase a fixer up to live in?
I used a construction loan. Most lenders would not allow you to live in the property while remodeling. If you already own a property you can leverage the equity from that property to do a renovation on a second property Home Equity Line of Credit (HELOC)
I would love to do something like this in the but an FHA loan would not allow us to purchase something that is inhabitable. What type of loan did you use? Or do you have any recommendations for loan types that would allow buyers to purchase a fixer up to live in?
She said in a previous loan that she got a construction loan from the bank
I used a construction loan. Most lenders would not allow you to live in the property while remodeling. If you already own a property you can leverage the equity from that property to do a renovation on a second property Home Equity Line of Credit (HELOC)