Updated almost 5 years ago on . Most recent reply
203k Loan Experiences
Hi everyone,
What are people's thoughts and experience with the 203k loan? Were you happy with the work of the contractors and the overall process?
A few more technical questions. Can you live in the house during the rehab? When do the payments start, after the rehab is finished or before it starts?
I would love to hear what you guys think about this type of loan. I feel like even with its drawbacks it can be very powerful for a house hacker looking to add some value without having to come up with the rehab costs in some other way.
Thanks!