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Updated over 10 years ago, 06/07/2014

User Stats

452
Posts
10
Votes
Michael Dunn
  • Olive Branch, MS
10
Votes |
452
Posts

Best ( cheapest ) way to purchase a REO

Michael Dunn
  • Olive Branch, MS
Posted

type property as an Investor for 2014 ?

I was thinking of purchasing as an O.O. , but It seems I will be able to come up with a bit more cash than I first thought, so I am now considering buying as an Investor

I want to be able to Flip houses ( for the time being ) vs purchase as a Rental, and am wondering which type of financing will allow me to purchase as an Investor , for the least amount of money down ..... HomePath, FHA or VA ?

From what I have read, HomePath is 10% down based on the purchase price, which is definitely cheaper than going with a Convential loan, which requires 20% . Is a FHA or VA 10% down as well?

Just needing some confirmation and or information on the current policies, regarding the various financing options, to purchase as an Investor

Thank you every one, I really appreciate it

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