Goverment Grants for investors.

**Kreative Maverick** · 04-27-2009, 11:37 AM

Anybody know if any out there National or local? I am in GA.

On a side note, what are you seeing when you try to get financing for you deals. The cash out has stopped but if you need funds to buy a property and fix it up how are you going about doing it?

My partner and I have targeted investment homes to turn into section 8 properties and I was just contacted to where battered women/ family service groups where need to use our properties.

Our plan......to section 8 out homes and build a steady cashflow. The homes we do want to flip our homes that are 2001 and up and are in neighborhoods where the homeowners are not rift rafts.

Just a few things on my mind besides govt grants.

Thanks,

**Greg** · 04-28-2009, 05:10 AM

Have you looked at the FHA 203K Rehabilitation loans? They are designed for exactly what you want to do. Low down payment and they lend you the money to fix up the property and bring it back into the rental market.

**Kreative Maverick** · 04-29-2009, 04:35 PM

Originally Posted by Greg

Have you looked at the FHA 203K Rehabilitation loans? They are designed for exactly what you want to do. Low down payment and they lend you the money to fix up the property and bring it back into the rental market.

Thanks Greg, I will do some research on that. Do you know any lenders off hand who do the 203k loans?

**masudkarim** · 05-06-2009, 02:02 AM

From the perspective of entrepreneurs and other investors, a mix of grants and loans as provided in many European countries was the most favored government ...

**clintonbaisley** · 05-20-2009, 05:22 AM

Try to find assistance companies who can help you through the entire process. You should know about the red tape in order to take advantage of the grants. Did you know that grants can be worth about $8,000 to millions of dollars? That is true and you can get the necessary funding if you qualify. Consult the assistance companies to find out about the loan grants, new developments, and other financial ventures of the government. The companies can help new investors in applying for the grants directly, as the case may be. Even if you have bad credit in the past, you can still apply for the grants.

**RedCarpetSchool** · 05-20-2009, 08:50 AM

Originally Posted by Greg

Have you looked at the FHA 203K Rehabilitation loans? They are designed for exactly what you want to do. Low down payment and they lend you the money to fix up the property and bring it back into the rental market.

You are going to be limited to how many homes you have ownership of to get these loans. They are not designed for the very active investor buyer. Anything FHA isnt so just beaware that it is limited to how many times you can use them.

**luke8000road** · 05-21-2009, 06:22 AM

Originally Posted by masudkarim

From the perspective of entrepreneurs and other investors, a mix of grants and loans as provided in many European countries was the most favored government ...

that the reason

**Greg** · 05-22-2009, 05:16 AM

Originally Posted by RedCarpetSchool

You are going to be limited to how many homes you have ownership of to get these loans. They are not designed for the very active investor buyer. Anything FHA isnt so just be aware that it is limited to how many times you can use them.

The is no limit on the number of FHA203K loans you can get. The only limit is 7 properties in the same 2 block radius which is not hard to work around. Other than that you can get as many loans as you can afford.

http://www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm

**thomas12** · 05-22-2009, 09:00 PM

There are many firms which provide government grants, I have came through one company but cant remember the name they provided loan for property with and unbeatable 3% annually but the documentation is very tough. Once you get this you might come out of many hurdles.