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All Forum Posts by: Sebastian Restrepo

Sebastian Restrepo has started 2 posts and replied 4 times.

Real Estate Deal Analysis & Advice

Post: Starting with a FHA 203 loan

Sebastian RestrepoPosted
  • Atlanta, GA
  • Posts 4
  • Votes 0

Also to be more clear, this would be for a single family residence, not a duplex, triplex, etc...

0 Votes
Real Estate Deal Analysis & Advice

Post: Starting with a FHA 203 loan

Sebastian RestrepoPosted
  • Atlanta, GA
  • Posts 4
  • Votes 0

Has anyone had experience, or even success, using a FHA 203 loan to flip a home? It seems the rules are pretty vague on using that loan to start off.

Can I make it my primary residence while I rehab the place, then sell it? I don't see anything that tells me the amount of time it has to be my primary residence. I could potentially have a bed in the residence and sleep there, couldn't I?

I'm ready to make the move to real estate investing, I just need to pull the trigger. This could potentially be my "trigger" and would love to hear some feedback. Thanks in advance!

0 Votes
New Member Introductions

Post: New Member from Atlanta

Sebastian RestrepoPosted
  • Atlanta, GA
  • Posts 4
  • Votes 0

Thanks @Mark Nolan and @Kyle Tokasy!  I've been listening to the podcasts as well as reading the forums the past few weeks. All exciting stuff that only motivates me to just get started!

0 Votes
New Member Introductions

Post: New Member from Atlanta

Sebastian RestrepoPosted
  • Atlanta, GA
  • Posts 4
  • Votes 0

Greetings BP! New member from Atlanta with (hopeful) aspirations to get into flipping full time eventually. Would love to make contacts and share any information. 

0 Votes