Can anyone answer this question?
I was reading the book Your Town Your Real Estate Profits and 1 of Gregs forms read FHA during his process im assuming the seller had a FHA loan. Is it possible for an owner to lease option there FHA house? I live in Montana. I would do it to my house if its leagle. Please advise
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FHA Loan
I live in California, but FHA is a Federal program. According to my agent, loan officer, and tax guy FHA only requires that you are owner occupied for 1 year. You had every intention when you bought it but later circumstances changed. Go to Hud website for more info on FHA.
Fha
Ty for the response ill check that out. Also ty for taking the time.to read through the post its been up for a few days I didn't think anyone was going to see it or comment on it so ty so much
Property keep it or sell it?
Ok i bought a house for $500.00 it was a development package my partner found at the courthouse I wont do another one like this unless its in better shape it was a complete disaster had to gut the whole house and re do the foundation never again but i did get a property and a partner so by the time im finished ill have about $20,000.00 in to it. I dont have any money but i should be able to rent it for $700.00 a month and its all paid for should i keep the property and use the equity or should i sell it and look for more the house should be appraised between $50,000.00 and 60k. just confused on which direction i need to go.
any response would be helpfull
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