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Updated over 4 years ago,
203K , sell or keep after rehab ?
Say you can get a 203K loan and a good deal , do the rehab ..... Now would it would make more sense to sell for higher value or keep and take advantage of that low interest rate ( assuming there is not cash shortage for next projects) ?
I know FHA 203K has mainly two advantages, low down payment and low fixed interest rate over time. Selling after rehab sounds tempting for a quick cash return but I am thinking maybe you will be losing the second advantage which is that low interest rate.
Want to hear from the expert, what are pros and cons of each ?