LOOKING FOR GUIDANCE ON A FHA203k in New York City

[Hernan Morales]

Hi, I want to get started in Real Estate by having a multifamily of 3 or 4, probably a distressed property which we can fix to our accomodations, due to we want to leverage a local program with up to 100k in help, but will require to live there 15 years, which I shouldn't have a problem with it if we can do some accommodations during the fixing time.

Now I am very early in this, but have enough savings for a 1M deal using FHA. I have a lot of questions about how can we use this, if we can convert a single family into a duplex or triplex or if that is way too elaborated for a first time deal, or if it is just limited to make livable a property. I have seen properties that are just unfinished, wondering if we can make this type of loan to finish the construction.

Now if you have a lender, GC or realtor in NYC expert in this, would be great help, or if yourself have experience in this as investor let me know the order to make this happen.