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Flipping Houses Can Lead to Big Returns

space-and-company-flip-houseBY JACKIE DABROWSKI (www.jd.searchphillylistings.com)
 
Thinking of flipping a house? Although not the simplest of projects, this concept could lead to big returns.
 
You don’t have to be an investor to reap the financial benefits. A FHA 203k loan is a loan given to buyers to rehab fixer-upers that is backed by the government for as little as 3.5% down, where the buyer can get either up to 110% of the property value, or $35,000 depending on what program they choose.
 
For more info on 203k loans, click here.
 
For a list of affordable fixer-ups in Philadelphia, click here.

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