Steps of doing a 203K/FHA rehab flip?

Steps of doing a 203K/FHA rehab flip?

Spokane, WA · Member since 2016 · 1 post · 0 votes

I am in the process of getting a loan for a 203k/FHA rehab/purchase mortgage for my 1st property. Once I find out the amount that I am approved for the total with rehab I will look for a house within that budget. After buying the house and having it fixed, how long am I required to live there before I can sell the house? I understand that for FHA I am required to move in after 60 days, and rehab needs to start within 30 days of purchase and needs to be completed within 6 months. Any help greatly appreciated. Thanks

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