Is there a loan program available for investors to use? To buy HUD homes and renovate and resale in WV?

Asked by Jp, Hinton, WV Tue Mar 3, 2009

I am a technology professional trying to secure my families future and avoid job layoffs. I have always been interested in real estate and now have a partner to assist with the renov part. As usual it is hard to get started. Is there a program for investors to use to start buying , renovating and selling or leasing property?

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Mcdave21, , West Virginia
Fri Dec 25, 2009
I dont know about there being a loan program for you area, but the best way to get started is just finding properties that are undervalued and/or a price at 65% or less of the after repaired value. You would then attempt to find financing for your project through local banks or hard money lenders. Are you looking to invest in Hinton?
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