Assistance with Duplex Purchase in Charlotte Using 203(k) Loan

Assistance with Duplex Purchase in Charlotte Using 203(k) Loan

New to Real Estate · Detroit · Member since 2022 · 5 posts · 2 votes


Dear Community/Future Friends,

I hope you’re doing well. I’m looking to purchase a duplex in Charlotte, with one unit being turn-key and the other in need of repairs. I believe I can utilize a 203(k) loan for the refurbishment. Additionally, I’m partnering with a friend where we then can take advantage of a first-time homebuyer program, but we’re unfamiliar with the available options in Charlotte.

Your guidance and expertise in helping us find suitable properties and navigate these programs would be greatly appreciated. I look forward to any insights or assistance you can provide.

Thank you so much for your time!

Warm regards,

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  • Real Estate Agent · Tempe, AZ · Member since 2011 · 1k+ posts · 543 votes
    1y

    @Matthew McGill

    Just to confirm .... you will live in one of the units of the duplex, correct? 

  • New to Real Estate · Detroit · Member since 2022 · 5 posts · 2 votes
    1y

    Yes, that is correct

  • New to Real Estate · Detroit · Member since 2022 · 5 posts · 2 votes
    1y
    Quote from @Paul Welden:

    @Matthew McGill

    Yes, I will live in one of the units of the duplex.


  • Real Estate Agent · Tempe, AZ · Member since 2011 · 1k+ posts · 543 votes
    1y

    @Matthew McGill

    I do not have any info regarding first-time homebuyer programs available in Charlotte, but I do have a lot of info about the FHA 203k.

    Let me know if you need any help with that. 

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