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John Michael Rico's profile image
John Michael Rico's profile image
John Michael Rico
  • from Los Angeles, CA
  • Member since Aug 3, 2017

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John Michael Rico's profile image
John Michael Rico's profile image
John Michael Rico
  • from Los Angeles, CA
  • Member since Aug 3, 2017
John Michael Rico
  • Los Angeles, CA
24
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31
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Buying & Selling Real Estate

PORTFOLIO LOAN OR 203K LOAN?

John Michael Rico
  • Los Angeles, CA
Posted

Which is better financing for my first property? Portfolio loan or 203k loan? (los angeles, brrr, multifamily)

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Brent Coombs's profile image
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Brent Coombs
  • Investor
  • from Cleveland, OH
  • Member since Jan 20, 2015

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Brent Coombs's profile image
Brent Coombs's profile image
Brent Coombs
  • Investor
  • from Cleveland, OH
  • Member since Jan 20, 2015
Brent Coombs
  • Investor
  • Cleveland, OH
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Brent Coombs
  • Investor
  • Cleveland, OH
Replied
Originally posted by @John Michael Rico:

Which is better financing for my first property? Portfolio loan or 203k loan? (los angeles, brrr, multifamily)

You gotta LIVE somewhere, right? Why would you WANT to continue renting?

Almost invariably, the ideal answer is: you want to BUY your own home first. ie. 203K loan! 

But I do agree with Chris. Please provide more background. Good luck...

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