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Updated about 9 years ago on . Most recent reply

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Manuel Yepez
  • Hammond, IN
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14
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Doing Multi family with family?

Manuel Yepez
  • Hammond, IN
Posted

Hi, I've heard from many professionals that getting an FHA loan for a multi family property and living in it while renting out the other apartments in the building was a good idea. My family and I were wondering if doing that with other family members of mine was still a good idea as I've heard landlords say renting out to family isn't the best idea. We've discussed with my other family (the potential renters) that they would have to help save for a large down payment and so they agreed, but the building would still be under my name. Does this sound like a good way to start out?

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