Updated over 10 years ago on . Most recent reply
FHA and Multifamilies
A few months ago I purchased my second single family and a, excited to continue acquiring properties. Initially when I started out I was only pursuing duplexes. However, several mortgage officers told me that I would only qualify for an FHA loan on a Multifamily and that the new FHA rules never drop off the PMI. All the numbers that I ran here in milwaukee couldn't justify buying a duplex over a SFH. Are other investors having these same issues? Have you found a way to work around this?