Beginner Real Estate Advice
Share with Friends
After watching a video, answer the questions in the comment box at the bottom of the page
Kevin shares his journey of turning $10,500 into $210,000 within 90 days by leveraging an FHA 203k loan to purchase and renovate a house. He explains the process, risks, and benefits of using this strategy, including the importance of market conditions and commitment.
Highlights
- 🏡 Kevin used an FHA 203k loan to buy a $305,000 house with $10,500 down and financed $50,000 for renovations.
- 📈 The property value increased to $550,000, allowing Kevin to refinance and pull out $100,000 tax-free.
- 💼 Kevin’s strategy involved minimal personal risk, as he could rent out the property if needed to cover payments.
- 📝 Commitment and daily market checks were key to finding and securing good deals.
- 🎯 Kevin emphasizes the importance of getting pre-approved and working with experienced agents and lenders.
Can this be replicated? Are you willing to take that risk?
