The Federal Housing Administration (FHA) 203(k) rehabilitation loan or Fannie Mae HomeStyle Renovation Mortgage could be good financing options for buyers seeking fixer-uppers. These loans allow you to purchase the home with a reserve that’s put in escrow to fund renovations.
QUESTION: You often write about buying bargain-priced, fixer-upper houses, but you don’t explain how to find. You both need expert advice to avoid unnecessary tax consequences. Loan fees deductible.
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