Justin Colby
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
So if you want to build wealth and passive income without all the work and additional risk, visit Ellevest.com.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
Now let's get to the show.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
So what's your total loan?
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
Okay.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
So you take the two 70 purchase plus the 80 grand or so some change.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
Yep.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
And that's your total loan when you're paying it off and whatever.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
I mean, this is like the ideal.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
People talk about house hacking, right?
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
They're like, oh, okay, buy a duplex or a triplex and you live in a unit and...
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
Great.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
I mean, I think it's great.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
This puts that on steroids.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
Yeah.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
And then I started flipping.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
So the 203k loan got you to the place of renovation, gaining the equity.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
Yep.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
And then you could refi out of that as quick as eight months?
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
Yeah.
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Real Estate's Best Kept Secret: How the 203K Loan Turns a $9,500 Investment Into $180K of Equity
Six months.