Financing Flipped Homes with 203k Loans
Episode 10 - Financing Flipped Homes with 203k Loans
Continuing with our them of flipping houses this month we are looking at a loan program many investors don’t know about, HUD’s 203k mortgage insurance program. This program is not available for investors but is available for home buyers to purchase a home that needs work and finance the rehab costs into the mortgage. This coupled with the First Time Homebuyer’s Tax Credit makes it a perfect way to give a retail buyer a dream home and help you move inventory.
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