Investor · Trumbull, CT · Member since 2016 · 3 posts · 0 votes
Hello all, I wanted to get some input on a FHA 203K backed loan. I have never used this type of loan insurance before and was wondering if anyone has or if this would be a viable option. My plan is to purchase a home in need of repair, live in for 2 years then sell for profit. Or depending on cash flow, Refinance and rent out once repairs are completed. I am looking at different financial options to start my plan.
If anyone is wondering... No, I am not married so I can move every 2 years with little hassle.
Hello all, I wanted to get some input on a FHA 203K backed loan. I have never used this type of loan insurance before and was wondering if anyone has or if this would be a viable option. My plan is to purchase a home in need of repair, live in for 2 years then sell for profit. Or depending on cash flow, Refinance and rent out once repairs are completed. I am looking at different financial options to start my plan.
If anyone is wondering... No, I am not married so I can move every 2 years with little hassle.
Investor · Trumbull, CT · Member since 2016 · 3 posts · 0 votes
10y
Thanks for the info Steve. I like the easy breakdown you provided. I already did my research on what was involved with this type of loan though. I was just wondering if anyone here has used it and how it worked out for them as an investment tool...