203k loan for first investment
Upon doing research, I finally found an area like to invest in. I'm thinking of going with a 203K loan for this investment however I will not be able to get the loan on my own. My idea is to find a partner to cosign the 203K loan with me then after using the renovation money to fix the house my partner and I will then refinance to a conventional loan under the newly appraised value.leaving us with money to reinvest in another property