Updated almost 5 years ago on . Most recent reply
Partial owner financing
Is partial owner financing a thing? I would really like to buy a house for my family and I to live in (FHA loan) and then move out of in a year or two and hold onto it as a rental. The property has 2x2 separate house in the back for additional income and a large shop that could be rented out.
Anyway, my question is will the FHA give me a loan of $110K (Im already pre approved for this amount) on a property if I negotiate with the seller to finance the other $140K for me? How does that work? Or is it possible?