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Updated over 7 years ago on . Most recent reply

John Michael Rico's profile image
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John Michael Rico
  • from Los Angeles, California
  • Member since Aug 3, 2017
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John Michael Rico's profile image
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John Michael Rico
  • from Los Angeles, California
  • Member since Aug 3, 2017
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John Michael Rico
  • Los Angeles, CA
24
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31
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Buying & Selling Real Estate

PORTFOLIO LOAN OR 203K LOAN?

John Michael Rico
  • Los Angeles, CA
Posted

Which is better financing for my first property? Portfolio loan or 203k loan? (los angeles, brrr, multifamily)

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Brent Coombs
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  • from Cleveland, Ohio
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Brent Coombs
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Brent Coombs
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  • Cleveland, OH
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Brent Coombs
  • Investor
  • Cleveland, OH
Replied
Originally posted by @John Michael Rico:

Which is better financing for my first property? Portfolio loan or 203k loan? (los angeles, brrr, multifamily)

You gotta LIVE somewhere, right? Why would you WANT to continue renting?

Almost invariably, the ideal answer is: you want to BUY your own home first. ie. 203K loan! 

But I do agree with Chris. Please provide more background. Good luck...

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