“Buying a Duplex using a 203K Loan”

“Buying a Duplex using a 203K Loan”

 

 

Sorry for all the questions, but I got another one. What if I wanted to buy a duplex that needs some work? Would a 203k allow for that?

Tom

 

 It is so smart, especially for first time home buyers to purchase a 2-3-4 family home to live in and best of all the take advantage of the income to pay for the mortgage or at least some of it. There are many multifamily homes available that need renovations and a 203K FHA mortgage product might just be the perfect solution.

 

One of my clients recently purchased a 2 family that needed extensive renovations. Once all the renovations were completed, she rented out the second floor for $1250 per month and her mortgage payment was $1287. It just doesn’t get any better that that!

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comment balloon 2 commentsJoe Petrowsky • January 27 2017 02:01PM
“Buying a Duplex using a 203K Loan”
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