Hi all,
Long time lurker, first post. I live in the Dallas Fort Worth area and I constantly come across a lot of great fixer uppers for either rehab/sell or rehab/rent in the 30-40K range with less then 10K worth of repairs (40-50k in to the property, ARV solid at 75K or higher, rents at around 950-1200).
Are there still HML lenders out there that would finance these “Low value” properties?
I can get either a standard mortgage on the property or use a HELOC to purchase and repair but I would like to be out as little of my own money as possible…
What do you experts think, are the HML lenders there for properties like this?
Wishing the best to all of you in the next year, it will be great for investing…