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Updated almost 9 years ago on . Most recent reply

Ben Huisman's profile image
Ben Huisman's profile image
Ben Huisman
  • from Winfield, IL
  • Member since Mar 15, 2016
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15
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Ben Huisman's profile image
Ben Huisman's profile image
Ben Huisman
  • from Winfield, IL
  • Member since Mar 15, 2016
Connect
Ben Huisman
  • Winfield, IL
4
Votes |
15
Posts
Private Lending & Conventional Mortgage Advice

FHA Loan To Fund 1st Flip

Ben Huisman
  • Winfield, IL
Posted

I am in the Northwest suburbs of Chicago just starting my REI education and quest. I have a very basic question on getting financing for my first flip. I don't have enough money saved to purchase a house and fund the rehab. Is it possible to get a FHA loan to fund my first purchase? If so, is that a good idea?

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