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.
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