Has anyone done a rehab loan, especially a FHA 203k?
My current broker and agent (who I realize now aren't good for investing - they're nice, but not investors) are telling me that it's a nightmare, don't ever do it, and other stuff that sounds a little extreme. Of course, they've never done them. Well, the agent had a client do one about 16 yrs ago, and it was a pain back then.
I contacted another broker, who has done one recently, and he's telling me pretty much a whole different story.
Can brokers just flat out lie to get you started on the deal, or is it more likely that my current broker just doesn't know what she's talking about (since she never did one) and is getting erroneous info from her associates?
Would love more details on this - it sounds way more like what we need on these apartments.