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203k Loan Questions in Los Angeles
Hello there!
I am looking into doing a 203k loan for the first property I purchase for my wife and I (she's a trooper), I am looking into finding a multi family property, fixing it up, and doing a refi when the time is right. However I don't even know where to begin when it comes to finding these types of lenders, what to talk with them about, and once I am qualified for the loan where to find the types of properties I am looking for. My wife and I have above 750 credit, not great assets (just married, straight out of college, stoked on RE), but putting money away with the intent on carrying out this strategy which we believe we will be ready to start in the next 12-14 months.
Any thoughts or ideas would be welcome!
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Have you thought about investing out of state?