How To Use FHA 203K Loan To Buy A House 🏡 #shorts

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[LegacyInvestingShow]

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[AutoAddict]

Don’t forget closing cost ~10k also if you only have 10k might want to save a little more for unknown costs that may arise😎

[emaniwright]

Pretty impressive how he was able to sum up the deal in simple logical steps & terms! What l call striaght talk!

[tonyflick]

Yeah the fact you can't do any repairs yourself and I flipped five houses myself it's a real bummer, a contractor is going to price gouge the crap out of you and if you ever need to sell it it will be doubtful that you make a profit

[jjpierce]

I am self employed and do not get a w2 income
SO WONT QUALITY
NOT FAIR

[tonyb]

I bought my first duplex with an fha loan and lived there for one year. I’m looking into getting my second duplex. What loan do you recommend. I could put like 15k or so down

[kerplop]

The windows and plaster work in that building are beautiful.

[fredoot]

With a 580 FICO your rate will be so high, the system might not show available programs. Not a real cenario.

[HenryHustles]

But you can’t use it as investment property so technically you can cash refi on it and get money back for the next deal . And you can’t have tenants

[SoniaGonzalez-bmbw]

Can I use down payment and closing cost assistance programs with the 203k ? This video describes exactly what I’m working on now 😊

[rachelpushnam]

Wait a second, I thought fixer upper homes are for Commercial Loan? Doesn’t add up tho

[cemstrike]

Nah u coooked Bru when I learned this I realize it’s

[pjyudyyx]

This is false, because they only allow up to 5, 000 in repairs and it CANT be anything structural. That 5, 000 is also wrapped into your loan, which you will pay interest on. If you get a 30 year loan of 115, 000 you will pay back that 115, 000 PLUS 115% of that 115, 000