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All Forum Posts by: Chauncey Craig

Chauncey Craig has started 1 posts and replied 6 times.

Post: Triplex Creative Financing

Chauncey CraigPosted
  • Rental Property Investor
  • Meridian, MS
  • Posts 6
  • Votes 3

@Jonathan Steiger That home improvement loan is something that I wasn't aware of. That may make this process flow much faster and smoother. An FHA loan followed up by a home improvement loan, I will definitely research this a bit more. Thanks!

Post: Triplex Creative Financing

Chauncey CraigPosted
  • Rental Property Investor
  • Meridian, MS
  • Posts 6
  • Votes 3

@Paul Welden Thank you Paul, that information is very insightful as well as helpful. I will start by searching for 203k contractors in the area (if there are any here). Wish me luck!

Post: Triplex Creative Financing

Chauncey CraigPosted
  • Rental Property Investor
  • Meridian, MS
  • Posts 6
  • Votes 3

@Yolanda Brown Yes that would be helpful, please forward me his contact info.

Post: Triplex Creative Financing

Chauncey CraigPosted
  • Rental Property Investor
  • Meridian, MS
  • Posts 6
  • Votes 3

@Mark Perlberg Thanks for your feedback Mark, I'm currently researching FHA 203k loans. It seems a bit tedious but well worth it in the end. Hopefully the seller is willing to work with me.

Post: Triplex Creative Financing

Chauncey CraigPosted
  • Rental Property Investor
  • Meridian, MS
  • Posts 6
  • Votes 3

@Yolanda Brown I will have to check that out. Do you have a link to his webinar?

Post: Triplex Creative Financing

Chauncey CraigPosted
  • Rental Property Investor
  • Meridian, MS
  • Posts 6
  • Votes 3

Hello everyone, i’m looking to purchase a triplex in Mississippi. Credit score is 740, 100k salary, and i’ve never purchased a home before. My goal is to live in the property and rent the other two units out via airbnb or to traveling nurses.

The property cost 85k and needs about 15-20k of work to bring it up to 2020 standards. I am looking for the best way to acquire this property. I have 5k for down payment. I’d appreciate any feedback on this, thanks.