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Updated over 9 years ago on . Most recent reply

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4
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Sebastian Restrepo
  • Atlanta, GA
0
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4
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Starting with a FHA 203 loan

Sebastian Restrepo
  • Atlanta, GA
Posted

Has anyone had experience, or even success, using a FHA 203 loan to flip a home? It seems the rules are pretty vague on using that loan to start off.

Can I make it my primary residence while I rehab the place, then sell it? I don't see anything that tells me the amount of time it has to be my primary residence. I could potentially have a bed in the residence and sleep there, couldn't I?

I'm ready to make the move to real estate investing, I just need to pull the trigger. This could potentially be my "trigger" and would love to hear some feedback. Thanks in advance!

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