Updated about 5 years ago on . Most recent reply
203k Loan Question.....
Im new to the site, and have begun analyzing properties, educating myself and building cash reserves until I’m ready for my first deal.
I've found a duplex a few mins from where I grew up (Philadelphia) that comes out to a nice cash flow and nice CoC ROI%. To me, it looks like the garage has the potential to be converted into a unit. Probably not suitable for a long term rental, but could be nice for something like Airbnb to generate some more income. It's a pretty big garage separated from the house. Assuming no utility services are currently in the garage. Could that kind of rehab be included in a 203k loan? If so, what kind of cost