Investor renovation loans are available
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
I get such a kick out of people who say they are "investors" as I use-ta was one. I must hear someone each week that says they just pay all cash then fix them up all cash and do one at a time, over and over again. I guess in their eyes that makes them an investor. If they leveraged their investment just a little they might be able to do four at a time with the same amount of money. The power of OPM (other people's money) can rocket a small investor into an entirely different world of investment. Don't get me wrong, the small investor has their place and if that is what they want, they should do that just the way they are doing it. But I don't look at them as an "investor" just a person who buys a second home and fixes it up. They may do 1-2 per year and maintain their "other job", the ...
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