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All Forum Posts by: Janille Jackson

Janille Jackson has started 5 posts and replied 15 times.

Post: Question on 203K Loan

Janille Jackson
Pro Member
Posted
  • Posts 15
  • Votes 3

Paul thank you so much for this information! 

Post: Question on 203K Loan

Janille Jackson
Pro Member
Posted
  • Posts 15
  • Votes 3

Caroline thank you so much for your reply I have do now done more research reading up on the Fannie Homestyle loans as well since we can afford the 5% and there is a do it your self option with some limitations. Thanks again! 

Post: Question on 203K Loan

Janille Jackson
Pro Member
Posted
  • Posts 15
  • Votes 3

Hi Katherine got it thank you so much for your reply! 

Post: Question on 203K Loan

Janille Jackson
Pro Member
Posted
  • Posts 15
  • Votes 3
Quote from @Katherine Blazer:

Hi @Janille Jackson,

Even if you are a contract. There are specific guidelines that say you cannot do any of the work. I also work with an amazing Lender in NJ! 


Post: Question on 203K Loan

Janille Jackson
Pro Member
Posted
  • Posts 15
  • Votes 3

I am a licensed contractor looking for a 203k loan on a property in Englewood NJ. I have a colleague who is also a licensed contractor willing to do a lot the work. 2 questions

Any suggestion on structuring the deal/contract legally of course to remodel or I can’t be part of any of the renovations?

Anyone have a good contact that is very experienced with 203k rehab loans to get a preapproval and share details and advice on the process?

Any calculators in bigger pockets I can use to estimate after remodel value?