Using FHA with hard money.

[Dereck Clark]

I have a question about combining FHA along with hard money. Theoretically speaking, I find a deal on the MLS that's outdated and needs to be gutted for the most part. Can I use FHA with 3.5% down to buy this said property and then get hard money to rehab this said property? Pros and cons? Will the refinance work the same? Or would the occupancy for a year that is required for the FHA stop this process? Any recommendation is helpful.

[Jonathan Greene]

You would just use a 203k loan.