All Forum Posts by: Muhamed Sarr

Just curious. Is it possible to have both a FHA loan and a FHA 203k loan at the same time?Here is my scenario: I currently own a home which is financed through FHA first time buyer program. I recently found a property that needs repair which I plan to make my primary residence. Is it possible to finance the new property with FHA 203K while still keeping the first home? 

Hi All,

Could any investor in the Baltimore area recommend a reliable general contractor for a rehab job? Could also share your experience working with this GC? Thanks!

Hi Everyone,

I am looking to purchase my first investment property in Baltimore and plan to use it for rental. I have already been pre appproved for a conventional homestlye loan and started looking for a property. Well here's the kicker: At first I wanted to buy a distressed property and do some rehab but there is a boatload of properties in Baltimore that have already been rehabbed and currently selling at a fairly reasonable price(80k-95k). My question is, does it make sense to buy an "already" rehabbed property or just rehab a distressed property with an after rehab value equal to the "already" rehabbed home?