@Eric Winters - To me, that's really going to depend on what you need? Do you need to finance the repairs or can you pay out of pocket. IMO, I'd rather pay out of pocket if I have it rather than pay interest on it (I know people can argue this because you could use it for another deal) but those circumstances I'd think would dictate what route you choose?
Also, with the red tape involved in 203k, I'd rather go out of pocket in that sense too!
yes I know there are hoops to jump through but doing it myself eats up all my cash
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing