Upcoming Foreclosures

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

  1. No, there are no grants like that. There are LOANS. You will have to borrow the money.
  2. 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.
  3. 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.
Powered by Yahoo! Answers