Anyone with any experience with these? Looking at a property that has some issues that may need fixing and don't want to throw my cash down on it up front.
They are not a bad option if you are trying to save out of pocket money. The only real downside is that there are a lot of stipulations as to what you can and can't do. One example is you can't add sq. ft. to the property using a 203k. The other downside is that your apr is higher on a 203k.
