benefit of a 203k loan

[Darren Gauvin]

Good morning, evening, or afternoon (depending on when you're seeing this) BP family. I recently cam across a duplex in my are for 105k, needs rehabbing inside and out, its been on the market for a good bit of time and my business partner and I are thinking about putting an offer in. I had the idea of using a 203k loan which a friend of mine recommended and I've done a little research on the loan but would like to hear from some of you about the processes and experience you have had with this type of loan.