The property is a row house in a favorable suburb of Philadelphia. After-Repair Value is around $130,000, according to local realtors. I am purchasing the house for $66,000 plus a creative financing deal for the seller. It will cost about $13,000 to bring the house to top-notch condition -- rehab items include porch repair, brick pointing, plumbing repair, new kitchen cabinets and a new heater.

We were able to get a favorable rehab loan late last year for a foreclosure that we bought. It was a 6 month balloon; we considered selling at the end of it but ultimately we decided to refi and keep the property for awhile at least.

would you guys mind letting me in on the mortgage company you go through to get your rehab loans or there website so i could get more info

I am a mortgage broker working with two lenders. Up to 70% after completed value including purchase of the property. If qualified, no borrower contributions.

Contact me for more informtation.

Joel Soforenko
Continental Finance
Springfield, MA
Tel 413-525-8500
Eml jfsjd18@gmail.com