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Updated over 10 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Atlanta, Georgia
  • Member since May 27, 2012
Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Atlanta, Georgia
  • Member since May 27, 2012
Account Closed
  • Atlanta, GA
8
Votes |
93
Posts
Starting Out

Investing with FHA loan

Account Closed
  • Atlanta, GA
Posted

I'm looking to buy my first house to use as rental property. I was told by FHA that I could still get a FHA loan, paying 20% down to use as investment property. Is that a good idea?

My plan is to buy a fixer-upper, around $50,000, putting $10,000 down and fixing up the house to rent out.

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