I have heard many real estate agents say that the only way to close on condemned houses is cash.
This is not true!
There is a GREAT residential REHAB loan:
This is how it works:
- 80% LTV of the purchase plus construction costs
- 620 Minimum FICO
- 50% DTI
It is that easy!
Dax Dickson
The Commercial Finance Store
Owner
612-578-9898
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