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Updated about 8 years ago on . Most recent reply

Kyle Spinale's profile image
Kyle Spinale's profile image
Kyle Spinale
  • from Lambertville, Michigan
  • Member since Nov 10, 2016
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Kyle Spinale's profile image
Kyle Spinale's profile image
Kyle Spinale
  • from Lambertville, Michigan
  • Member since Nov 10, 2016
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Kyle Spinale
  • Lambertville, MI
15
Votes |
59
Posts
Rehabbing & House Flipping

Is it a flip or a flop?

Kyle Spinale
  • Lambertville, MI
Posted

As I read through the forums, I see different opinions for the FHA 203k loan.

I understand that Brandon from the podcast loves them because it can be great for beginners to start through a live-in flip.

On the other hand, I see other BP members don't like them because they can be hard to get and not every property qualifies. 

What is your opinion and experience with this type of financing? Would you recommend it to somebody who would like to do a live in flip?

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Meghan McCallum's profile image
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Meghan McCallum
  • Specialist
  • from CHICAGO
  • Member since Oct 13, 2015
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Meghan McCallum's profile image
Meghan McCallum's profile image
Meghan McCallum
  • Specialist
  • from CHICAGO
  • Member since Oct 13, 2015
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Meghan McCallum
  • Specialist
  • CHICAGO
650
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680
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Meghan McCallum
  • Specialist
  • CHICAGO
Replied

Kyle, first determine who you are as an investor. If you can't figure out how to do that hit me up. To me, its the MOST important step in investing. Good for luck!!

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