Closed on my 203k loan with little cash as a NEWBIE INVESTOR!!!

[Justin Frye]

Extremely long process that I am very proud of FINALLY closing. This was my very first purchase and I did it using an FHA approved loan with little to no cash outta pocket. I plan on writing a very detailed blog on my 1st experience using a 203 k loan as it was quite comprehensive, especially as a newbie investor, but for now I'm just extremely excited and feel like screaming at the top of my lungs that the process is finally over. I closed on my latest acquisition 03-31-2017 after about 3- 4 months of going back and fourth with the seller over pricing and much more. The property is a 2 unit - each unit, 3BD, 1 BA fully functional basement in a historical part of Columbus, OH. The contract was initially accepted 11-04-16, so it has been a very, very long and enduring process but one that I wouldn't change for anything. More details to come!