Live in flip
So my husband and I are planning on renting out our house while doing a live-in flip. This would be our first RE investment. We have no experience and are a little scared rightly so.
We want to put an offer in on a house that has been on the market for over 4 months. The house is in great shape, just needs cosmetic stuff (that I know of). In a great neighborhood.
Still working out the financing part. We have an FHA loan on our current home. Not sure how that affects our ability to obtain another loan.
Hoping for some advice on live-in flips and renting our home. Anything specific I should know?
Thanks!
Kelly