Updated over 7 years ago on . Most recent reply
Using a FHA loan to purchase first flip.
I’m ready to dive into my first investment, my only problem is I don’t have the funds to put down 25 percent for a convential mortgage. I see FHA loans only require 3.5 percent which is a lot closer to what I can do right now. I wanted to know is getting a FHA loan is something I can do with my intent being flipping. Are there any restrictions on it? Do I have to hold the house for a certain period of time?