Rehabbing & House Flipping

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Alexander Darnley
  • Houston, TX
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Can I use an FHA 203k loan for my first investment property???

Alexander Darnley
  • Houston, TX
Posted Jan 18 2011, 01:30

I am currently interested in purchasing a flip in Houston, Tx, but currently live in Shreveport, La. I understand that FHA loan requirements state that you must be an owner occupant and that the house must be your primary residence. Since I don't own any properties right now, could I consider this my primary residence even though I am living in Shreveport, Louisiana?

I have an experienced rehabber in Houston who will be handling most of the work.

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