You can use an FHA 203(k) loan to purchase a property, which will allow you to purchase the property AS-IS, include the cost of rehab/improvements into your mortgage, close on the transaction with the current AS-IS condition and do the work after you own the home. There are 2 versions of the FHA 203(k) loan - Standard/Full and the Streamline. Streamline version is for work <$35,000 and no structural modifications, which is what you may want to consider using. Contact us for more information. Our services and assistance to you is always FREE.
Contractor Directory for the FHA 203(k) Program
There is a program called 203k (rehab loan) This will solve your problem. There may also be some conventional loans that might work. Please contact me for a few mortgage referrals.
Jeffrey Carter, ABR
978 717 9015
If you would like the name of some mtg lenders let me know.