The document discusses finding and financing fixer-upper properties through FHA 203k loans. It describes how to find fixer-uppers such as REO, pre-foreclosure and for sale homes. It then explains the features of FHA 203k loans which provide financing for both purchase and renovation of a property with just 3.5% down. Examples are given of homeowners who purchased distressed properties, renovated them and increased their value using 203k loans when conventional financing was not available. Resources like RealtyTrac's 203k center are provided to help buyers take action.