So I was wondering about the benefits of the USDA no down payment loans as a means of getting into house flipping. However, the only allow loans for houses in suburban/rural areas, with a commitment to improving the land. I wanna try and find some deals in the rural areas of New Jersey, any ideas on how to get good deals there?
Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
8y
USDA loans cannot be used for investment properties. You may be able to pull off a live-in flip, but you'd need to check with USDA on the eligibility for such properties. Investing in rural areas can be difficult so make sure you do your due diligence.