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Updated almost 8 years ago,

Yinna Wang's profile image
Yinna Wang's profile image
Yinna Wang
  • Real Estate Professional
  • from South Orange, NJ
  • Member since Jan 24, 2017
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User Stats

49
Posts
10
Votes
Yinna Wang's profile image
Yinna Wang's profile image
Yinna Wang
  • Real Estate Professional
  • from South Orange, NJ
  • Member since Jan 24, 2017
Connect
Yinna Wang
  • Real Estate Professional
  • South Orange, NJ
10
Votes |
49
Posts
General Real Estate Investing

How to make bids with FHA 203k?

Yinna Wang
  • Real Estate Professional
  • South Orange, NJ
Posted

My fiance and I are looking to buy a multifamily property using FHA 203k. The trouble is, it's a pretty hot market and most houses have multiple FHA bids on them. Is there a way to make our FHA bid more attractive than the others? Do I just offer more down, like 5% instead of 3.5%? What if I offer 10%? Or is it no longer FHA by then?

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