Can I get a government grant to purchase property for real estate to sell?
I have an idea that I think could earn me a fortune but I'm not clear about if its possible. I have located many houses that are vacant either because of taxes or bank foreclosures. I like to get a government grant and purchase the properties and turn around and sell them. Is this possible or not.
Public Comments
- No, there are no grants like that. There are LOANS. You will have to borrow the money.
- Not possible. Some areas have small grants to help people buy a house, but there are stipulations that require that these properties be owner occupied for a certain number of years or you have to repay the grant in full, plus penalties. There are no grants that would allow you to get free houses.
- Gee, what great "idea." I could make money doing that too if the government were "giving me money." There's no "free money" for flipping houses.
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