All-in-one loan accommodates rehabs
The original 20K loan program also included investors, but it is now restricted to owner-occupants. With the number of homes for sale and in need of repair, perhaps it's time for FHA to revisit the investor option.
Tom Kelly's book "Cashing In on a Second Home in Mexico: How to Buy, Rent and Profit from Property South of the Border" was written with Mitch Creekmore, senior vice president of Houston-based Stewart International. The book is available in retail stores, on Amazon.com and on tomkelly.com.
What's your opinion? Leave your comments below or send a letter to the editor.
What's Your Home Worth?
3-D home of the day