All Forum Posts by: Ash William

@Chris Seveney & @Nick Riccio - appreciate the gut check here. If you were in my shoes and wanting to get into REI (while also looking for a place to live in or around greater Boston) what would be your recommendation?

Hello, 

I have been kicking around the idea of using a FHA 203k loan to purchase a multi family property that would be able to add an additional unit or two and had a few questions. 1. Are there any resources available to help determine if a property would be allowed to add units as well as going through the process of getting all necessary zoning permits? I understand that type of due diligence ultimately falls on the buyer but curious if there is anything that would allow finding these types of properties to be streamlined a bit. 2. Assuming I were to find a property that checks all boxes mentioned above, am I biting off way more than I can chew with this type of project? For what its worth, I would be able to visit the property every day if necessary but have very little experience managing rehabs. I feel like one positive of a 203k loan is that it forces you to follow a strict process which may be beneficial for someone with less experience.

Appreciate the feedback here!