Is this an FHA 203k possibility?
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Are these potential for FHA 203k loan to renovate? 1) Barn sitting in the middle of a country property, that someone has converted to living area years ago, May or may not have permits, no other structures on the site. Maybe you know of one like this. 2) A warehouse downtown where home construction has grown closer and closer to the property until it is the only vacant property in the neighborhood. It is the only non-residential property left on the block, can we use the 203k to convert it to resdential use? 3) Mixed use building has been an eye-sore for years, maybe a fire trap, creating a nusance to the neighbors. Can we turn this around and get it sold under the FHA 203k loan program? 4) An older home built with no perimeter foundation. Can we put a foundation under it using the 203k...