My family and I could not have been able to
rehab our house without the tax credits to help offset the $ 100,000 project.
Not exact matches
As a result, owners of older affordable
housing properties are able to take advantage of Green Preservation Plus
without going through the kind of gut
rehab that's often required for an older building to meet a standard like LEED.
This allows me to manage the
rehabs without having to actually go visit the
houses.
The first
house I bought out of state I sold the day I closed for a $ 13K profit
without any
rehab or even cleaning.
Yes, it does require a little more paper work with the FHA, need to have the 203K Consultant involved and handle inspections / appraisals and such, but the fact that I can get into a property, have up to 6 months of mortgage payments included in the cost of the loan so that we don't have to worry about double rent / mortgage payments,
rehab my primary residence the way we like it, save a 1930 - 1940's era farm
house, and then refi into a conventional cash out mortgage later on and use that equity to go buy rental properties... nice way to get started,
without having to put up a lot of cash or live next to tenants / in town (I'm a RURAL kinda guy).
To sell this
house for top dollar, Ken and Anita have to nail the
rehab without going over their small renovation budget.