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Updated over 5 years ago on . Most recent reply

Jacob Dormevil's profile image
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Jacob Dormevil
  • Rental Property Investor
  • from Altoona, PA
  • Member since May 19, 2019
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Jacob Dormevil's profile image
Jacob Dormevil's profile image
Jacob Dormevil
  • Rental Property Investor
  • from Altoona, PA
  • Member since May 19, 2019
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Jacob Dormevil
  • Rental Property Investor
  • Altoona, PA
2
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Multi-Family and Apartment Investing

Can I brrrr if I FHA?

Jacob Dormevil
  • Rental Property Investor
  • Altoona, PA
Posted

Can I brrrr if I FHA?

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Matt Grubb's profile image
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Matt Grubb
  • Real Estate Agent
  • from Columbus, OH
  • Member since Sep 20, 2016
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Matt Grubb
  • Real Estate Agent
  • from Columbus, OH
  • Member since Sep 20, 2016
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Matt Grubb
  • Real Estate Agent
  • Columbus, OH
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Matt Grubb
  • Real Estate Agent
  • Columbus, OH
Replied

@Brian Ellis is correct. It is very difficult to pull any money out after a 203k unless you find a killer deal. I'm currently under contract on a duplex. I'm going with FHA 203k and I heard horror stories about contractors from anyone I ever brought it up to.

If you decide to go with the 203k, my advice would be to find a great HUD/203k consultant before you ever write an offer. They will get you in touch with contractors that understand the process and it gets everyone on the same page from the very start.

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