Can I Use the FHA 203k Loan to Flip a Home?

http://amerifirst.com/

With the average foreclosure selling for about 38% less than the average housing market value, the market for good buys is soaring right now. The problem is that many of these real estate owned (REO) properties, meaning bank owned, foreclosures and short sales, are sold in as-is condition and need renovation work. Some of these homes may need rehabilitation. The FHA 203k loan program is a great solution to this problem. But can it be used by investors or anyone looking to buy/fix/sell a house quickly? AmeriFirst 203k Loan Program Director Joe Daly talks about flipping foreclosures with the 203k loan.

Category:

Howto & Style

Tags:

• 203k
• FHA 203k loan
• renovation
• rehab
• improvement
• foreclosure
• short sale
• bank owned
• fixer upper
• fha 203k
• FHA 203k Michigan
• 203k Michigan
• Michigan renovation loan
• Michigan
• Indiana
• Ohio
• Tennessee
• Wisconsin
• Florida
• home improvement loan
• home equity loan

[203kforum]

Our most recent client moved in to their home with an upside value of over $30,000!! - Gary Smith - Energy Rated Homes of Mississippi - 203K Contractor

[AmerifirstMortgage]

@203kforum Wow! Are they happy with the choice?

[203kforum]

They are planning to do the very thing you guys are talking about! They want to move in about 2 or 3 years to recoup the money they've earned though this fantastic loan program. Hands Down! This is the best kept secret in the market...