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Updated over 3 years ago on . Most recent reply

Julius Johnson's profile image
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Julius Johnson
  • from Minneapolis, Minnesota
  • Member since May 15, 2017
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Julius Johnson's profile image
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Julius Johnson
  • from Minneapolis, Minnesota
  • Member since May 15, 2017
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Julius Johnson
  • Minneapolis, MN
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Starting Out

Any cons to using 203k Loan?

Julius Johnson
  • Minneapolis, MN
Posted

Me and my wife ar gearing up to buy first rental property, looking to buy in July/August and based in Minneapolis, MN.

Any cons to using the 203k Loan?

Is there a typical time/length of project?

Familiar with FHA loan but not so much with 203k loan.

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Matthew Paul
  • #1 Contractors Contributor
  • from Severna Park, Maryland
  • Member since Aug 25, 2013
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Matthew Paul
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  • from Severna Park, Maryland
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Matthew Paul#1 Contractors Contributor
  • Severna Park, MD
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Matthew Paul#1 Contractors Contributor
  • Severna Park, MD
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Yes , there is a lot of paperwork for the contractor to fill out before they are contracted for the job .  I charge to fill it out now 

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