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Updated over 3 years ago, 03/21/2021
Just getting started
Hello everyone , my name is Joe and I’m just getting started into buying distressed home and flipping after Reno’s. My question is ... I have The liquid cash for purchase , I dont Have the liquid cash for renovations .
Is a 203k loan for me ? Does that get added to the mortgage ? Or do I have To pay the Reno money out and a 203k pays me back in installments ?
thank you in advance