FHA 203k

By
Home Inspector with 203kOnLine.com, covering California & most other states S0289

Met a young couple last night at an investor meeting in Charlotte... MetrolinaREIA. They were talking about purchasing a home and in a couple years having it be their first rental... We discussed a mixed use building as a starter home and units all at the same time. Maximize the rental property aspects if they are gong to be an investor. Living in the property makes it a big advantage to the 'hands on' owner. it is important that we get these new investors thinking a little differently than they sometimes want to. good  luck... by the way, this is a great way to get involved in the 203k.

Owner occupants can use the FHA 203k while investors and second home buyers should use the FannieMae HomeStyle Renovation loan program (SFRs and small income units only).

A mixed use building could be a windfall for anyone looking to get into rental units down the road to supplement their income. Contact us to see how this may work for you in Charlotte NC or anywhere else for that matter. 

Posted by

Mike Young, 203k Team Leader    Mike ready for your 203k order

To learn more about the FHA 203k loan program go to www.203kOnLine.com. To contact us for a consultation please go to www.my203kconsultant.com and "order a consultation". If you like what you see here please take a look at Another blog by Mike Young in Spanish and other languages.

Got a 203k project giving you "fits" contact www.203k911.comIf you are looking for quality 203k software for consultants to speed up the underwriting process..

Skype name: the203kconsultant

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Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
North Carolina Mecklenburg County Davidson
Groups:
Realtors®
Century 21 Network
Coldwell Banker Group
Charlotte NC Real Estate
Hickory, NC Realtors
Tags:
renovation lending
203k for investors
fanniemae homestyle loan

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Mike Young

FHA 203k Consultant 916-758-1807
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