Equity from a flip using a FHA 203b mortage.
Does anyone have success stories on using equity from a 203b flip to further their investing? Nightmare stories?
My goal is to hopefully improve a house enough to get a little equity that might help with a down payment on a buy and hold property.
I know 203b work has to be done by a licensed contractor, so the "sweat equity" kind of isn't there.
Does doing something like this make sense?