Even as Investors, we may be running into issues with our own houses and finances. Let’s face it, it’s getting harder to unload your properties as wholesalers or rehabbers. Houses will sell and are selling but the market conditions are rough, to say the least. But, it’s a great time to purchase, if you have the capital.  My point is, even “we” as investors can use a little help (especially those of us who are full time).  Right now FHA loan programs are being modified quite frequently.  I would continue to research loan programs that would be suitable for your needs.  Take advantage of the multitude of programs out there (especially being offered by the government and FHA).  I came across this group that specializes in FHA home loans.  You can check out their web site by clicking here.  Give them a call and ask questions or browse the web site, FHAMortgageCenter.com.  FHA deals with a lot of owner occupied homes so you may be able to refinance the house you occupy.  What I like about FHA Mortgage Center is that FHA loans are their specialty. If your considering FHA, go with someone who fully understands the product and stays up to date on the changes FHA is making.

If you are a beginner rehabber, why not buy and live in the property instead of flipping right away.  This can benefit you tremendously.  One, it gives you the opportunity to get your feet wet with fixing up a house. Two, you don’t have the added pressure of trying to sell quickly before you lose your money. Three, you will be able to sit on equity that will  give you added purchasing power for your next project.  FHA have great rehab loans for owner occupied properties.  Check out FHAMortgageCenter.com to learn more about the programs they have to offer.

Are you looking to be a landlord, or do you want a multifamily unit. FHA have very good programs for owner occupants of 2-4 unit properties. It could be very beneficial to buy your first home as a 4 family, live in one unit and rent the other 3 units out.  You would essentially be living for free or with a minimum mortgage payment.   First time buyers of owner occupied homes can put as little as 3% down payment. That is excellent for a 2-4 family property.  Most investment loans require a 10-20% down payment.  I would really explore FHAMortgageCenter.com and or speak to someone about their programs.  If your just starting, it’s a great way to get over that hump, test the waters and go for it!

Happy Real Estate Investing!