Posted by Rik Foote on April 03, 2000 at 12:28:45:
I just purchased a home using an FHA 203K. I did it for a home to live in. It is my understanding that you can not use that program for investments. I could be wrong about that though. I will say that I an veryt pleased with the program.
government money for rehabs or renovation - Posted by mike-tx
Posted by mike-tx on April 01, 2000 at 14:51:37:
Has anyone used any type of government loans and grants for the purchase or rehab of investment property? I think there was a guy on TV a few years ago hawking books and seminars for this. I’ve heard of the FHA203K program and the title one program, I know there are others for low income housing, etc. I’ve done a few rehabs by rolling the profits from one deal into the next project but that does kinda keep things slow. Is the red tape worth it? What about low income tax credits? My projects are selling as fast as I can finish them but its just one at a time. More funds would allow multiple projects at the same time. Thanks for any input!