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Real Estate
Reply to "what do we think of gut rehab flips?"
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[quote=Anonymous]If you have the capital and patience, it's better to buy a run-down place and find a reputable contractor to do a gut remodel (or tear down and find a reputable builder to build new). But it's easier to get a loan for an already rehabbed place, so . . . Slightly off topic, but I've heard that the 203 loans (where the remodel cost is built into your mortgage loan) are hard to get and hard to administer (lots of paperwork to get repairs paid for). Anyone have experience with them?[/quote]
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