Updated over 9 years ago on . Most recent reply
203k Familiar lender, Savannah Ga
Hello fellow investors! I Am currently looking into purchasing a home in need of some repairs. This will be my first investment as I'd like to fix and live in. The goal is to fix the home then be living in a home with a good amount of equity. From the visual eye (obviously have not had any inspectors to look at the home yet) there is holes in every room through the drywall, and the back door looks to be broken into. There is some water damage on the laminate floor near the back door (where I think it was left open) and bottom 4 inches of the doorframe is a little rotted. Besides the few things listed here home looks to be very solid condition built in the mid 2000s the home is not even that old. At this point I am looking for a way to finance this home and 203k loan seems to be my best route. Any and all input/advice is appreciated time is not a factor.. Home is bank owned.
Thank you,
Kyle Kreider