First time home buyer looking into FHA 203 loan or foreclosures

[Brian Brantley]

Hello Everyone!!! This question is for anyone who has experience with FHA 203k loans and Foreclosures. I'm purchasing my first property this year! Either a quad or tri plex (best case scenario) worst case—it will be a duplex. The FHA 203k loans interest me because the low down payment & having equity already into the property. Plus what the renovations will do to the value as well. I talked to a friend who's a realtor and they told me to look into foreclosures. I'm not well versed in foreclosures. So I'm really just looking for any good advice here and tips here! Thank you all!