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Updated 3 months ago, 10/08/2024

User Stats

5
Posts
2
Votes
Matthew McGill
  • New to Real Estate
  • Detroit
2
Votes |
5
Posts

Assistance with Duplex Purchase in Charlotte Using 203(k) Loan

Matthew McGill
  • New to Real Estate
  • Detroit
Posted


Dear Community/Future Friends,

I hope you’re doing well. I’m looking to purchase a duplex in Charlotte, with one unit being turn-key and the other in need of repairs. I believe I can utilize a 203(k) loan for the refurbishment. Additionally, I’m partnering with a friend where we then can take advantage of a first-time homebuyer program, but we’re unfamiliar with the available options in Charlotte.

Your guidance and expertise in helping us find suitable properties and navigate these programs would be greatly appreciated. I look forward to any insights or assistance you can provide.

Thank you so much for your time!

Warm regards,

User Stats

981
Posts
534
Votes
Paul Welden
  • Real Estate Agent
  • Tempe, AZ
534
Votes |
981
Posts
Paul Welden
  • Real Estate Agent
  • Tempe, AZ
Replied

@Matthew McGill

Just to confirm .... you will live in one of the units of the duplex, correct? 

User Stats

5
Posts
2
Votes
Matthew McGill
  • New to Real Estate
  • Detroit
2
Votes |
5
Posts
Matthew McGill
  • New to Real Estate
  • Detroit
Replied

Yes, that is correct

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User Stats

5
Posts
2
Votes
Matthew McGill
  • New to Real Estate
  • Detroit
2
Votes |
5
Posts
Matthew McGill
  • New to Real Estate
  • Detroit
Replied
Quote from @Paul Welden:

@Matthew McGill

Yes, I will live in one of the units of the duplex.


User Stats

981
Posts
534
Votes
Paul Welden
  • Real Estate Agent
  • Tempe, AZ
534
Votes |
981
Posts
Paul Welden
  • Real Estate Agent
  • Tempe, AZ
Replied

@Matthew McGill

I do not have any info regarding first-time homebuyer programs available in Charlotte, but I do have a lot of info about the FHA 203k.

Let me know if you need any help with that.