Every investor wants the worst house in the best neighborhood. You can actually buy a fixer home with a construction loan for improvements as long as the improvements are over 50,000. Great for someone who really wants to live in this neighborhood or with this view but there’s an old or out-dated home in their way. This method does require a down payment.

For those who want to just do little fixes themselves along the path of home ownership…you can buy with a traditional mortgage as long as the property presents no health or safety issues. An appraisal would determine this. So the steps would be to become pre-approved, make an offer-once accepted you typically have 17 days to have the appraisal and other inspections done to make sure you can make you’re fixer a home.

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