FHA Loan Basics on first Investment
Hey everyone,
Currently looking at my first investment property. Looking to do a live in flip/ house hack. Numbers are all checking out on the property. Im just in the process of comparing the advantages and disadvantages of an FHA vs 30yr fixed mortgage. I know FHA has a much lower downpayment than a typical loan but that comes with some guidelines.
Where could I find out more about these?
I know so far is that 1) you need to live in the home for at least 1 year and 2) all the work must be done by a licensed contractor.
Any specific forums on this or anywhere I could learn up fast?
Thanks
Jimmy