East Hartford , CT · Member since 2015 · 1 post · 0 votes
I currently have a FHA loan for a house I purchased through the GNND program. As most of you know, FHA loans come with a 3yr commitment where the owner cannot own any other real estate. My question is, can I buy investment property using an LLC or a different avenue?
Investor · Grand Junction, CO · Member since 2017 · 207 posts · 201 votes
8y
FYI it is the GNND program that has the 3 yr requirement, not FHA. But you can't get another FHA loan while you have that one, and you are stuck in the FHA for the duration of the GNND. You could put 25% down on a non-owner occupied property.