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JC House-Hack Guidance
Hey all,
Looking to FHA 203K a duplex / triplex in the JC area. Question is - is that the appropriate financing lever, or should I get a conventional FHA as it would be my first purchase?
The other units rents would be the only way to qualify at the $700-$800k range and then force appreciation with modernizing one of these aging properties.
If some of you think now is an awful time to do this (re: interest rates) I'm open to being told to wait as well. Also thinking of buying a single family and then flipping it to a developer to tear down and build new multi-family that seems to be going up everywhere.
Any advice is appreciated!
Signed,
Slightly frustrated aspirational RE investor