Renovation Loans Explained | Create $200K in Equity!

If you're a frustrated homebuyer — and in this housing market, who isn't? — you need to learn what renovations loans are, how they work, and how you can use one to build instant equity into your dream home purchase.

In this video, I'm doing a deep dive into renovation loans, one of the best tools in the homebuyer arsenal. I'm not just explaining the mechanics and reviewing the specific programs, but I'm detailing the strategy behind a successful renovation loan purchase.

And I'm doing it all with a real-life example. I'm showing you exactly how my client Martin created $200,000 of equity with a renovation loan.

If you're considering a home purchase, this is one video you don't want to miss!

0:00 - Introduction
1:38 - The mechanics of how a renovation loan works
3:58 - The three renovation loan program to consider
6:35 - How to create $200,000 of equity in five easy steps
6:43 - Step 1: find the property
8:24 - Step 2: use sales comps to estimate an ARV
9:46 - Step 3: write a clean offer
10:59 - Step 4: get smart with your contractor
13:35 - Step 5: renovate

Discover a new way to buy a home:

https://househack.la/calculator

Jon Schwartz (CA DRE 02123925) operates House Hack Los Angeles, a real estate team brokered by Fathom Realty Group, Inc. (CA DRE 01901202).

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