Updated about 8 years ago on . Most recent reply
FHA Loan For Multifamily Properties?
Hello Everyone,
Been away from BiggerPockets awhile. I live in Las Vegas and am looking at getting a home next year, sooner the better, to finally have my first rental. I'd like to get a multifamily and use an FHA (probably down payment assistance depending on what 3.5% or so equals). I know I have to "live" in the home for a certain amount of time. Multis in the midwest seem incredibly affordable and a popular choice, but for career, education, and other reasons I'm not ready to move to Kansas next year. But, knowing the Vegas market, I don't see many privately owned multi family buildings for sale, unless you could purchase an entire condo building. Hoping to get some guidance on what to do here. Thanks!