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Updated over 2 years ago on . Most recent reply

Deslyn Dawkins's profile image
Deslyn Dawkins's profile image
Deslyn Dawkins
  • Member since Apr 7, 2023

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Deslyn Dawkins's profile image
Deslyn Dawkins's profile image
Deslyn Dawkins
  • Member since Apr 7, 2023
Deslyn Dawkins
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Starting Out

203k loan option

Deslyn Dawkins
Posted

hey guys, lots of scholars here, love the community energy. Do you guys think using a 203k loan for turning a distress property to a long term rental is a good idea? fyi Im a newbie just learning.

Atlanta, Georgia
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Hamp Lee III's profile image
Hamp Lee III's profile image
Hamp Lee III
  • Real Estate Agent
  • from San Antonio, TX
  • Member since Jan 5, 2019

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Hamp Lee III's profile image
Hamp Lee III's profile image
Hamp Lee III
  • Real Estate Agent
  • from San Antonio, TX
  • Member since Jan 5, 2019
Hamp Lee III
  • Real Estate Agent
  • San Antonio, TX
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Hamp Lee III
  • Real Estate Agent
  • San Antonio, TX
Replied

It can be great starting out, but I suggest not selecting a property with a lot of work starting out. Start small. Keep momentum.

I wish you all the best.

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