fix and flip: 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)