New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago, 01/08/2021
203k Loan Experience
My wife and I are currently renting but are looking for a Multifamily (Duplex, Tri, Quad) as a House Hack for our first home.
I am wondering if anyone has experience using a 203k loan and certified FHA contractors? We might utilize this loan as an option to finance.
I've heard to expect a lot of red tape and long time to close, but to me, the more work something is, the better the pay off. Wondering if my hunch is correct?