Atlanta, GA · Member since 2014 · 16 posts · 6 votes
Hi Bigger Pockets Community:
I am planning on buying my first rental property (this will also be my first property personal or investment) with a small group family and friends. We plan on renting all units in a multi-family house, so none of the investors will be living in the property. I am also planning on moving to a new city in the next 6 months and would like to buy a multifamily for myself to live in while renting out the other unit/s. If I buy the rental property with my partners prior to buying the property I plan on buying when I move, would it effect my ability to get a low down payment FHA loan for the property I would like to live in?
Residential Real Estate Agent · Cookeville, TN · Member since 2013 · 1k+ posts · 948 votes
12y
Ask your Realtor for a referral to the best mortgage person in town. Then ask them your question. They are the best ones to answer a question like this.