Rehab financing - Posted by Born

Posted by Born on January 04, 2001 at 09:08:31:

Could you give me a number to call you so we can speak more on this topic.

Rehab financing - Posted by Born

Posted by Born on December 26, 2000 at 14:21:19:

How can you finance the purchase and rehab of a property? Beside hard money!

Re: Rehab financing - Posted by Paul Macdonald

Posted by Paul Macdonald on December 28, 2000 at 22:58:14:

Nothing is better over all than the 203k one time, 30 yr fixed loans offered by FHA.

Re: Rehab financing - Posted by Tim

Posted by Tim on December 26, 2000 at 16:25:55:

Try for a construction loan or “interum” (did I spell that right?) financing.

You’ll need good ficos and income. But you’ll save a little off hard money. Especially if they have a rollover program.

-T

Re: Rehab financing - Posted by Bob Johnson

Posted by Bob Johnson on December 26, 2000 at 20:14:50:

Can you explain “rollover program”? Would that restructure the loan for the period that you’re holding the property, either as an investment or while trying to resell it?

Bob Johnson

Re: Rehab financing - Posted by Ed Garcia

Posted by Ed Garcia on December 26, 2000 at 23:26:14:

Bob,

The term roll over, when used while talking about a construction loan means, you roll your loan from a construction loan, into permanent financing, or what we call a “take out loan”.

Ed Garcia