Money For Repairs On A Purchase

With so many homes for sale and most of them  in foreclosure the need for money for repairs is a must.  How do you get the money you need?  There are a couple of loans that allow you to role the repairs into the loan.   One is the FHA 203k Loan, to read about it you can go to www.fha203kloan.com.   Rural Development has jumped into the arena with what’s called a Rural Development Rehad loan also allowing you to role the repairs into the loan. The best part its “100% financing”, certain qualifications apply on all loan types.  One other one that I like and many of my clients have used on their primary residence but also investments properties is using a 0% credit card for the repairs sometimes even the down payment, shuuuuuuu this is a huge secret.  We then do a refinance after you have made 3 payments and we use the APPRAISED VALUE, yes appraised value.  On the refi we pay off the 0% credit card but keep it open for any emergency that might pop up.  If there is a will there is a way and I will find it.