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All Forum Posts by: Joshua Heilman

Joshua Heilman has started 1 posts and replied 3 times.

Starting Out

Post: FHA 203 (k) & BRRRR?

Joshua HeilmanPosted
  • Posts 3
  • Votes 1

Great input Carrie! Thank you so much and I will keep that in mind.

1 Vote
Starting Out

Post: FHA 203 (k) & BRRRR?

Joshua HeilmanPosted
  • Posts 3
  • Votes 1


@Matthew Porcaro

Wow, that sounds awesome! I will definitely do my best to find a deal like that one! With it needing so much rehab, were you able to move into the unit as soon as you closed or did you have to wait until it was fully rehabbed? If you weren't able to move in would it still be advisable to do this given that you would have to pay the mortgage while it is being renovated?

I also spoke to the current lender that I am working with and he advised against it because the interest rates are much higher and they take a long time to close, how long would you say it takes to close?

Sorry for so many questions, I just want to make sure I am making the most informed decision as possible as this is going to be my first property.

0 Votes
Starting Out

Post: FHA 203 (k) & BRRRR?

Joshua HeilmanPosted
  • Posts 3
  • Votes 1

Hello everyone,

I am currently looking to invest in my first property here in Tampa, Fl. Currently, I am looking to do an FHA 203(k) loan with the BRRRR strategy. I am just unsure if this is possible, and if so, is there any guidance that you could give me in getting started?

0 Votes