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Updated over 4 years ago on . Most recent reply

Jonah Kolsrud's profile image
Jonah Kolsrud's profile image
Jonah Kolsrud
  • from Ladson, SC
  • Member since Nov 20, 2017
  • Posts 53
  • Votes 22
  • Experience 6 Yrs
  • Investments 1
Connect

User Stats

53
Posts
22
Votes
Jonah Kolsrud's profile image
Jonah Kolsrud's profile image
Jonah Kolsrud
  • from Ladson, SC
  • Member since Nov 20, 2017
  • Posts 53
  • Votes 22
  • Experience 6 Yrs
  • Investments 1
Connect
Jonah Kolsrud
  • Ladson, SC
22
Votes |
53
Posts
Starting Out

203k vs. Traditional Loan

Jonah Kolsrud
  • Ladson, SC
Posted

Hey BP Members, I'm trying to determine if its worth it to save more and do a traditional home loan or start my REI journey earlier and eliminate my rent expense by using the 203k loan (currently I have enough saved for an FHA loan). My goal is to house hack a duplex/triplex/4plex as I know with FHA loans it has to be owner occupied.

Are there any nuances/obstacles outside of the PMI that I should be factoring into my considerations?

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