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Updated over 5 years ago on . Most recent reply

As-Shakoor Wright's profile image
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As-Shakoor Wright
  • Member since Mar 28, 2019
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As-Shakoor Wright's profile image
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As-Shakoor Wright
  • Member since Mar 28, 2019
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As-Shakoor Wright
2
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15
Posts
Buying & Selling Real Estate

Information on 203K loans

As-Shakoor Wright
Posted

I was on the forums before asking how to get started in real estate. I have close to $10,000 saved up and after some research, I believe the 203K construction loan would be the best way for me to start. I found a construction company that deal with 203K home buyers in my area. So they specialize in dealing with the way the lenders payout for done work. I believe I can house hack a multi-family preforeclosures or a REO this way. So can the BP community gave me some insight on this type of way to invest.

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Christopher Toth's profile image
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Christopher Toth
  • Rental Property Investor
  • from Denville, NJ
  • Member since Sep 29, 2017
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Christopher Toth
  • Rental Property Investor
  • from Denville, NJ
  • Member since Sep 29, 2017
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Christopher Toth
  • Rental Property Investor
  • Denville, NJ
54
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107
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Christopher Toth
  • Rental Property Investor
  • Denville, NJ
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Check out BiggerPockets podcast episode 360...they talk a bit about the 203k loan, it might be helpful. Good luck!

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