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Account Closed
  • Investor
  • Denver, CO
4
Votes |
38
Posts

203K Renovation Questions

Account Closed
  • Investor
  • Denver, CO
Posted

I put an offer on my first investment property, a duplex, and it was accepted. I'm using an FHA 203k renovation loan. I now have 15 days to do an inspection. This duplex is rented out currently with the stipulations that it will be free and clear when I close in May. With tenants already inside, what is the best way to go about prepping to do rehab work? I have a lot of ideas of how to spruce the place up but I'm going to need more time than just a quick walk through to figure out what needs to be fixed, updated and what types of modifications I want. Should I go to the county and get the blueprints for the house? Will my contractor be able to work with me on this? Any advice would be greatly appreciated.

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