Right now there is limited good inventory in Fort Lauderdale and South Florida. That is why you need to be using a renovation loan now more than ever.
If you are looking to purchase a home in Florida and are a First Time Homebuyer you need to make sure whoever you are working with offers this program because you could be missing out on $7500 in down payment assistance.
“When I bought it for $150,000, I borrowed some money from Great Western Savings and Loans. So I probably only had $30,000 of equity in it or something like that – it’s the only mortgage I’ve had for fifty years,” Buffett said.