All Forum Posts by: Thomas Waters

Hey Derek! Seems like you've got a good grip on the deal, but just want to make sure you plan on making this property your primary residence. My understanding is that you'd need to be an owner occupant for at least 1 year before qualifying for these funds.

This from HUD's website:

"Can an investor use the 203(k) program?

No. In October, 1996, the Department placed a moratorium on investor participation in the 203(k) Rehabilitation Mortgage Program.

Thanks @Steve Kontos! Will do. 

Thanks @Michael S.!

Hey Everyone! My name is Tom Waters, I'm a New Yorker, a Penn State Nittany Lion, and a DC sports fan. I first became aware of Bigger Pockets through Brandon Turner's awesome book, The Book On Rental Property Investing, and later through the podcast. My work is in finance and is mostly made up of doing statistical research and building software around statistical models. As far as experience, I am just getting started! Initially, I'm focused on buy and hold, specifically small multi-family houses in the counties within driving distance of NYC: Westchester, Putnam, Orange, Dutchess, etc. I am excited to engage with this energetic community and would be grateful for any advice wiser members can offer!

Tom