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Updated over 10 years ago on . Most recent reply

Diron Binns's profile image
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Diron Binns
  • from Fort Lauderdale, FL
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Diron Binns
  • from Fort Lauderdale, FL
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Diron Binns
  • Fort Lauderdale, FL
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Real Estate Deal Analysis & Advice

using a 203K loan to rehab a foreclosure...

Diron Binns
  • Fort Lauderdale, FL
Posted

How do I post my Analyzed deal?

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Wayne Brooks
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

As Joseph said, a 203k, which is FHA, is for owner occupied property only, Not for a rental. You can use a 203k for up to a 4 unit property however, as long as you live in one of the units.

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