Hi I have a question for you. I’m trying to get a 4 unit or 3 unit property using a FHA Loan. But I seen a single-family home for $185 that is half the Median price of $317k that would need a 203k loan .. my question to you is should I apply for that single-family home after renovations should be worth about $317k then I could do a cash out refinance and walk away with about $60-70k to invest in a 4 or 3 unit property??? Thank you
I grew up down the street from that place in the 80's and I used to play in that creek. Was mostly old folks with the hood right down the street back then
