All Forum Posts by: Brendan Dekora

Hello! I'm new to this and have been learning a lot here. I'm looking for a little clarity if anyone can help. 

Ideally I'm looking for a duplex with a separate garage I can convert to an ADU. Does anyone know if it's possible to fund this with a FHA 203k loan? Also looking for a good lending company that is familiar with doing 203k loans in LA. I was working with a lender, but they have gone silent on me when I asked about the 203k loans so it's not a very good sign.

Thanks

New here and also interested in next one.

Thank you for the welcome!

Hello! I'm new here and wanted to introduce myself. I have been interested in real estate investing for a long time but only now am I digging into the concepts because I have finally built my savings and income to the point where I can buy my first home. I'm pretty sure that I want to get into the brrrr strategy, but I also want to move into my first home to start. I love the idea of house hacking at first and rehabbing the first house to be able to pull equity out and start the brrrr.

I’m also wanting to learn more about brrrr strategies that I may be able to employ without waiting the full year to refi my first home, such as non-conventional lenders

I'm leaning toward a FHA 203k loan to start due to the obvious low down and rehab budget wrapped into the loan. Ideally I want a duplex with an ADU or triplex. Does anyone know if it's possible to get a garage ADU conversion funded with a 203k loan?

I am working with an agent, but I’m realizing that they may not be familiar with investor strategies, so I’m keeping my eye open for other connections.

I’m so happy I found this site and looking forward to making connections.