Updated over 10 years ago on . Most recent reply
Creative financing
Hello BP users, hope you all are having a good Labor Day weekend. I have a question concerning low money down creative financing. I'm not incredibly new to BP, but I still haven't pulled the trigger to invest yet, because I want to be well educated instead of jumping in over my head right away.
Anyway, I wanted to know if I could use a partner who would live in the property to qualify for an FHA loan, and then I would supply the down payment of 3%. It makes sense to me, but sometimes there are not so well known rules that would prohibit this. Thanks!