Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Aaron Ingram

Aaron Ingram has started 20 posts and replied 52 times.

Post: 203k loans for multi family

Aaron IngramPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 64
  • Votes 16
Hello, I am a military member who currently owns two homes, one which is renting and cash flowing but I am trying to transition to multi family. House hacking isn't an option for me currently so I'll be buying purely as an investment. Where I live there are a number of quadplex properties where the numbers work. I am looking at getting a 203k so I can rehab one of these properties, raise rents and increase cash flow further. I only have 20k to do this, properties I am looking at are around 200-300k. Since I currently have 2 homes getting a third loan as a 203k is 5% enough? Is it even reasonable to think I can get this financing due to my other loans? Any advice on someone who has successfully utilized 203k and any advice on what you learned through the process? Thanks in advance, just starting out and BP has been enormously helpful!

Post: 203k loans for multi family

Aaron IngramPosted
  • Rental Property Investor
  • Austin, TX
  • Posts 64
  • Votes 16
Hello, I am a military member who currently owns two homes, one which is renting and cash flowing but I am trying to transition to multi family. House hacking isn't an option for me currently so I'll be buying purely as an investment. Where I live there are a number of quadplex properties where the numbers work. I am looking at getting a 203k so I can rehab one of these properties, raise rents and increase cash flow further. I only have 20k to do this, properties I am looking at are around 200-300k. Since I currently have 2 homes getting a third loan as a 203k is 5% enough? Is it even reasonable to think I can get this financing due to my other loans? Any advice on someone who has successfully utilized 203k and any advice on what you learned through the process? Thanks in advance, just starting out and BP has been enormously helpful!