Updated about 5 years ago on . Most recent reply

Philadelphia 203k FHA Question
I'm looking into purchasing my first investment property and have been researching 203k FHA and Fannie Mae Homestyle rehab loans recently. My idea is to get a rehab purchase loan for a single family primary residence and then use a cash-out refinance to purchase my first multi-family investment property. Anyone have experience with this in the Philadelphia/Delaware County, Pennsylvania area? Any tips or suggestions would be appreciated!