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Updated almost 4 years ago on . Most recent reply

User Stats

31
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16
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Lamont Glover II
  • Indianapolis, IN
16
Votes |
31
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Looking for RE agent that understand investing and house hacking

Lamont Glover II
  • Indianapolis, IN
Posted

My wife and I are interested in getting another house hack. We want an agent who is well versed in understanding what it takes to invest and house hack. Message me!

Most Popular Reply

User Stats

44
Posts
12
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Thalia Mena
  • Real Estate Broker
  • Chicago, IL
12
Votes |
44
Posts
Thalia Mena
  • Real Estate Broker
  • Chicago, IL
Replied

@Lamont Glover II

Absolutely! No problem.

Getting funded for FHA 203k is the same as getting funded for an FHA loan. The qualifications are pretty much the same. The process may take longer if you aren't working with the right people. What I mean by that is, because many people are involved in this transaction in order for it to go smooth one must make sure everyone's on the same page at all times. (Lender, attorney, appraiser, contractor's).. Make sure that teams strong!

203k covers structural issues, but I believe for plumbing, etc... that’s covered under a streamline 203k loan.

Hope that helps!

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