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Updated over 2 years ago on . Most recent reply

Wesley A Showalter's profile image
Wesley A Showalter's profile image
Wesley A Showalter
  • Wholesaler
  • from Columbus, Ohio
  • Member since Nov 7, 2021
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Wesley A Showalter's profile image
Wesley A Showalter's profile image
Wesley A Showalter
  • Wholesaler
  • from Columbus, Ohio
  • Member since Nov 7, 2021
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Wesley A Showalter
  • Wholesaler
  • Columbus, OH
13
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House Hacking

203k Loan on a house hack

Wesley A Showalter
  • Wholesaler
  • Columbus, OH
Posted

Hey Everyone, Looking to do my first house hack and was thinking about doing a 203k loan. Looking for suggestions on what to look for in a house? Am I looking for a complete gut or something that is outdated? Would appreciate any suggestions!  

Columbus, Ohio
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Katherine Blazer's profile image
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Katherine Blazer
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  • from Tampa/St. Petersburg/Sarasota FL and Knoxville/Sevierville/Maryville, TN
  • Member since Aug 23, 2018
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Katherine Blazer's profile image
Katherine Blazer's profile image
Katherine Blazer
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  • from Tampa/St. Petersburg/Sarasota FL and Knoxville/Sevierville/Maryville, TN
  • Member since Aug 23, 2018
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Katherine Blazer
  • Lender
  • Tampa/St. Petersburg/Sarasota FL and Knoxville/Sevierville/Maryville, TN
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Katherine Blazer
  • Lender
  • Tampa/St. Petersburg/Sarasota FL and Knoxville/Sevierville/Maryville, TN
Replied

The first step is to get pre-approved. So find lend that can do FHA loans, then you will want to find a contract that has done a 203k renovations. There are a lot of extra steps to these loans. You cannot just do the work yourself, the contractor has to be approved.

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