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I don't know what your credit situation is, but there are conventional renovation loans available. If the condo is not FHA approved that will be your only choice. Speak to some additional lenders to see if you would qualify for a conventional reno loan....most require 5% to20% down.This is why the investors get most of the steals on the market, one has to have a down payment and/or money to do the needed renovations.I bet David has egg on his face if you are one of the many people who is working with a Realtor and still has questions or problems.
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For Sale: $348,000
For Sale: $625,000
For Sale: $1,539,200