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Updated almost 7 years ago on . Most recent reply

Jennifer DavisToliver's profile image
Jennifer DavisToliver's profile image
Jennifer DavisToliver
  • from South Florida
  • Member since Oct 28, 2018

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Jennifer DavisToliver's profile image
Jennifer DavisToliver's profile image
Jennifer DavisToliver
  • from South Florida
  • Member since Oct 28, 2018
Jennifer DavisToliver
  • South Florida
1
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7
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Creative Real Estate Financing

FHA 203k financing for a BRRRR

Jennifer DavisToliver
  • South Florida
Posted

Hi Guys, 

I've been reading and watching but I'm not sure if this question has been answered. If you guys have some insight I'd love to hear it! My question is Can I Brrr using FHA 203k financing? I am looking at a property that is 115k Multifamily (under 4 units). It needs about 50k. ARV 180k. Thanks in advanced for your responses!

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Chris Mason's profile image
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Chris Mason

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Chris Mason's profile image
Chris Mason
Chris Mason
  • Lender
  • California
10,792
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Chris Mason
  • Lender
  • California
ModeratorReplied

In my market the cost of a general contractor willing to play ball with 203k is such that BRRRR will not work since you will not have sufficient equity after financing the cost of said general contractor.

  • Chris Mason
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