All Forum Posts by: Addison Garza

if i buy a house with fha, do i have to hold it for 90 days before i flip it?

if so, is it possible to buy a separate house after with hard money, and have 2 properties, so long as i have money for the down payment on both?

But I would most likely not be occupying the property. Although, I currently rent so I don't own anything right now.

My goal would be to buy cheap, put some money in to fix it up, and flip it out ASAP.
I guess it doesn't matter to me whether it's owner occupied, however, most of the properties I've looked at are REO's and are vacant.

I've been reading a lot of threads on this forum hoping to get educated on financing one of my first SFR deals. There are a lot of cheap foreclosures in SoCal that I'm hoping to take advantage of. I qualify for an FHA loan however, a lot of run down houses strictly say NO FHA.
Is it possible to obtain at least 90% financing on a SFR between 150-200K via HML?
If so, what are some verified HMLs that would do this type of deal, possibly in California?