anybody got any experiance w/ buying HUD homes and using 20k3 Rehab loans through FHA?
Pro’s / Cons?
anybody got any experiance w/ buying HUD homes
Yes. 
and using 20k3 Rehab loans through FHA?
No. 
hey, thanks for the insight!
yea, I guess thats all I asked.
I was really getting at;
can you use a 203k loan to buy a NOO property? I found this HUD home that looks great w/ the ARV…
<<can you use a 203k loan to buy a NOO property?>>
No. Investors cannot particiapte any more…HUD stopped their use of the program in 1996.
http://www.hud.gov/offices/hsg/sfh/203k/faqs203k.cfm – see question #21
Keith