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All Forum Posts by: Billy Amberg

Billy Amberg has started 4 posts and replied 19 times.

I’m not sure how deeply any of you have gotten into the inner workings of the 203K loan, but in the spirit of sharing knowledge, I started a discussion on the subject here: The 203K Loan - Open Discussion. Lots of great stories from people who succeeded and had nightmares with this type of financing. Many pros, but also many cons if you are not prepared.

Post: Real Estate Investor Beginner

Billy AmbergPosted
  • Charlotte, NC
  • Posts 54
  • Votes 28

Hey there everyone! I’m not sure how deeply any of you have gotten into the inner workings of the 203K loan, but in the spirit of sharing knowledge, I started a discussion on the subject here: The 203K Loan - Open Discussion. Lots of great stories from people who succeeded and had nightmares with this type of financing. Many pros, but also many cons if you are not prepared.

Post: FHA 203k Agent and lender recommendations??

Billy AmbergPosted
  • Charlotte, NC
  • Posts 54
  • Votes 28

Hey fellow BPers, I’m not sure how deeply any of you have gotten into the inner workings of the 203K loan, but in the spirit of sharing knowledge, I started a discussion on the subject here: The 203K Loan - Open Discussion. Lots of great stories from people who succeeded and had nightmares with this type of financing. Many pros, but also many cons if you are not prepared.

Post: What is the 203k Loan Process... in Detail!

Billy AmbergPosted
  • Charlotte, NC
  • Posts 54
  • Votes 28

Hey there everyone! I’m not sure how far into the weeds any of you have gotten on the 203K Loan, but in the spirit of sharing knowledge, I started a discussion on the subject here: The 203K Loan - Open Discussion. Lots of great stories from people who succeeded and had nightmares with this type of financing. Many pros, but also many cons if you are not prepared.

Hey there everyone! I’m not sure how deeply any of you have researched the 203K loan, but in the spirit of sharing knowledge, I started a discussion on the subject here: The 203K Loan - Open Discussion. Lots of great stories from people who succeeded and had nightmares with this type of financing. Many pros, but also many cons if you are not prepared.

I’m not sure how deeply any of you have gotten into the inner workings of the 203K loan, but in the spirit of sharing knowledge, I started a discussion on the subject here: The 203K Loan - Open Discussion. Lots of great stories from people who succeeded and had nightmares with this type of financing. Many pros, but also many cons if you are not prepared.

Post: Purchasing my first rental please help!

Billy AmbergPosted
  • Charlotte, NC
  • Posts 54
  • Votes 28

Hey there everyone! I’m not sure how deeply any of you have gotten into the inner workings of the 203K loan, but in the spirit of sharing knowledge, I started a discussion on the subject here: The 203K Loan - Open Discussion. Lots of great stories from people who succeeded and had nightmares with this type of financing. Many pros, but also many cons if you are not prepared.

Hey there everyone! I’m not sure how deeply any of you have gotten into the inner workings of the 203K loan, but in the spirit of sharing knowledge I started a discussion on the subject here: The 203K Loan - Open Discussion. Lots of great stories from people who succeeded and had nightmares with this type of financing. Many pros, but also many cons if you are not prepared.

Post: New to Real Estate - Hello!

Billy AmbergPosted
  • Charlotte, NC
  • Posts 54
  • Votes 28

@Mike Santos I have found 203K loans to be great, but there is a lot of red tape.  Many pros, but also many cons if you are not prepared.  I started a discussion on the subject here: The 203K Loan: Open Discussion.  Lots of great stories of people who had success and nightmares with this type of financing.

Post: North Carolina - Multifamily 6.5+ Cap

Billy AmbergPosted
  • Charlotte, NC
  • Posts 54
  • Votes 28

I concur with @Curtis Waters, I have found several smaller multi-family investments in Gaston county at an 8-10 cap.  I found several duplexes that were over a 10 cap.