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Updated almost 8 years ago on . Most recent reply

Elisabeth Jean-Louis's profile image
Elisabeth Jean-Louis's profile image
Elisabeth Jean-Louis
  • Real Estate Professional
  • from Bensalem, Pennsylvania
  • Member since Mar 29, 2016
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18
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1
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Elisabeth Jean-Louis's profile image
Elisabeth Jean-Louis's profile image
Elisabeth Jean-Louis
  • Real Estate Professional
  • from Bensalem, Pennsylvania
  • Member since Mar 29, 2016
Connect
Elisabeth Jean-Louis
  • Real Estate Professional
  • Bensalem, PA
1
Votes |
18
Posts
Buying & Selling Real Estate

203k loan/ first investment property/ help

Elisabeth Jean-Louis
  • Real Estate Professional
  • Bensalem, PA
Posted

Hi everyone. I need your help. I'm interested in buying this investment property. 3 beds 1 1/2 bath finish basement small playard ARV is $115k....asking price is $69k....repairs are $2500. I asked for sellers financing but seller said his finance company can give me a 203k loan. Should I take it? What to do? Please please help. This would be my first investment property... house just got a new roof and new heating system...

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