203(k) Loan property

[Evan O'Brien]

Hello,

I recently learned about the 203k loan and I’m considering using a 203k loan to purchase my first property, live in it for a certain period of time and use the equity built from the rehab to purchase other rentals and begin building a rental property portfolio and even use the property I purchased as a rental. Does anyone have any experience using a 203k loan purchase a property? Or any suggestions on what factors to consider when using a 203k loan? Any feedback would be greatly appreciated!