fha loan: The FHA Anti-Flipping Rule and What it Means for Flippers and Buyers - 06/04/19 07:57 AM
If you are buying, fixing, and flipping single-family houses – particularly starter homes – then you need to know about the Prohibition of Property Flipping Rule created by the Department of Housing and Urban Development (HUD) to prevent egregious predatory flips within the Federal Housing Administration (FHA) mortgage insurance programs. I will first explain the rule, then the exceptions to the rule, and finally the strategy flippers and homebuyers can take.
The FHA anti-flipping rule was instituted on June 2, 2003 and includes the following stipulations when the buyer is obtaining an FHA loan:
Only owners of record can sell properties. This … (1 comments)

fha loan: Can I, and Should I, Use an FHA Loan for Investment Purposes? - 06/01/19 03:17 AM
No. Well, maybe. Yes, if done a certain way. A loan insured by the Federal Housing Administration (FHA) is buyer-friendly, and it could be the ideal way for a relatively new investor to start their long-term path to wealth. First I’ll explain some of the benefits of an FHA loan, and then I’ll point out how to legitimately use it as an investor. Keep in mind that the FHA does not lend the money; a mortgage lender loans the money and is insured by FHA provided that the guidelines are met.
 
Benefits
The typical FHA loan, known as an FHA 203(b) loan, … (1 comments)