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Updated over 4 years ago,

User Stats

5
Posts
1
Votes
Wydell Jones
  • New to Real Estate
  • Los Angeles
1
Votes |
5
Posts

Multi Unit Property 203k loan

Wydell Jones
  • New to Real Estate
  • Los Angeles
Posted

Im a college student looking to take advantage of a multi unit property out in LA around the Inglewood area.i have an okay amount saved for 3.5 deposit on a FHA 203k Loan, a really good credit score but my income that is able to be used is kind of on the low end. So i would need to use potential income from the units to qualify for the loan or im guessing have a co-sign. I have found a property that im interested that even with 35k remodeling loan and purchasing he house it will be under 500k. anybody have faced a similar situation and was successful or know what would be the best route. Any advice could help. Thanks In Advance

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