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Are FHA 203K and 203B Loans Worth It For Beginners?
Hey guys, I am 25 years old, living in Central New Jersey and currently have almost $25k saved up for when I buy a duplex and plan to house hack springtime of next year.
I wanted to ask all of my experienced investors out there if you guys have ever gotten an FHA 203K or 203B loan and if it's worth getting?
Would it be a good idea to get this particular loan on a distressed property in a nice neighborhood in hopes of rehabbing and (hopefully) getting some sweet equity off when you appraise.
Please let me know. Thanks!!