Denver Area 203k Loan/ Luxury House Hack
Hello BP,
I'm looking to move to Denver, Colorado from California at the end of this year. The plan is to find a duplex, triplex, or even a SFH with
a detached in-law unit to do a luxury house hack. I want to buy and create equity, so I would like to get a good deal on a distressed property and use a 203k loan with 3.5% down. I am looking in B- neighborhoods and up South of Denver proper so anywhere around Littleton, Highlands Ranch, Greenwood Village, or Centennial.
I am aware of the red tape that comes with a 203k. My concern is that I will not be able to
land a deal in Denver's competitive market wielding a 203k loan. Do you think it is feasible to get a 203k loan on a MLS listing or a foreclosure/ off market distressed property in that area?