FHA 203k for investors
FHA 203k for investors
Lets clear up the confusion about this program once and for all
There seems to be some confusion on the 203k and investors..
1) yes the Investor Program for the 203k is gone... but not forgotten
2) Yes, an investor can purchase and rehab a property under the 203k loan program.
here is how... an investor may purchase a 2-4 unit building or a mixed use building and rehab it provided the investor will live in it.
Can you keep your existing home as a rental... yes provided you have no more than 75% LTV.
3) How can investors get out of properties once they buy and rehab using conventional means? It is easy and we show you how in our seminars.
**** What investers need to know is that ther e is another renovation loan they can use... the FannieMae HomeStyle® Renovation Mortgage. It allows for second homes and investor properties. You can buy, fix up and resell.
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