203k Loan Experiences

[Cole Britting]

Hi everyone,

What are people's thoughts and experience with the 203k loan? Were you happy with the work of the contractors and the overall process?

A few more technical questions. Can you live in the house during the rehab? When do the payments start, after the rehab is finished or before it starts? 

I would love to hear what you guys think about this type of loan. I feel like even with its drawbacks it can be very powerful for a house hacker looking to add some value without having to come up with the rehab costs in some other way.

Thanks!