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Updated almost 6 years ago,

User Stats

115
Posts
66
Votes
Gregory DeRosso
  • Rental Property Investor
66
Votes |
115
Posts

Experience with a FHA 203(k) Loan

Gregory DeRosso
  • Rental Property Investor
Posted

So I'm scourning to find my first deal. I found a duplex which after I run the numbers it seems ideal for a house hack for the first year or so. I plan to live in one unit as I rehab the other and then proceed to rehab my "live in" unit. Is there a time limit in which I no longer have to list the property as my primary residence or am Im locked in for the life of the loan.  Before I contact the lenders and ask them, what are your experiences? 

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