Noe Valley 2 unit rental property REO/Bank owned-SOLD
Very excited for my first time buyer who just purchased a great Noe Valley investment property with amazing city & East Bay/Mt. Diablo views. Great upside potential in spite of San Francisco’s restrictive rent control rules.
My client also worked through the 203k FHA rehab loan program which rolls in some renovation costs into the loan amount. Within 4-6 weeks of escrow closing renovations must be started & completed in a timely manner. Contractors are paid through escrow & the property under goes a second appraisal.
This is a great loan product that allows for renovation funds which can be very challenging to come up with in addition to the down payment & closing costs.
An FHA loan which is a great option for a buyer wanting to get renovations or repairs done on a property sooner rather than later.
Next up I’ll be helping my client get up to speed on the initial basics of land lording, property management & leasing, drawing upon my 13+ year background as a S.F. rental property owner.
Interested in how to become a rental property owner or buying property with the 203k loan? Please get in touch for more details about how I help clients reach their investment goals as well as an introduction to the fantastic lender who made it happen!
Cheryl Bower, Realtor CRS, GRI, ABR, ePro
DRE #: 01505551
Zephyr Real Estate
San Francisco San Mateo Bay Area listing agent & buyers agent