Dave (David) Clabeaux – Use A Government Loan to Flip Your First House

Did you know that the government offers a loan for first time rehabbers?

And did you know that you only need 3.5% down to get this loan?

It is called an FHA 203k Loan.

In my opinion, it is an ABSOLUTE NO BRAINER for a first time flipper.

The only catch is that you need to promise to live in the home for 12 months.  After that, you can sell it.

This is a GREAT idea because since you will be living in the home you are rehabbing, you will not have a rent or mortgage payment!

I honestly do not know why more people do not take advantage of this.

The FHA 203k loan makes it so that just about anyone can rehab a house.

 

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