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Updated over 6 years ago on . Most recent reply

Brandon Wulff's profile image
Brandon Wulff's profile image
Brandon Wulff
  • Rental Property Investor
  • from Las Vegas, NV
  • Member since Sep 2, 2019

User Stats

24
Posts
4
Votes
Brandon Wulff's profile image
Brandon Wulff's profile image
Brandon Wulff
  • Rental Property Investor
  • from Las Vegas, NV
  • Member since Sep 2, 2019
Brandon Wulff
  • Rental Property Investor
  • Las Vegas, NV
4
Votes |
24
Posts
Buying & Selling Real Estate

FHA Loan/House Hacking Question

Brandon Wulff
  • Rental Property Investor
  • Las Vegas, NV
Posted

My friend and I want to partner on a four Plex, but because he doesn't have the best credit history, and I do, I was wondering if we were allowed to do this...

I would apply for the FHA Loan and I would put the 3.5% down, my partner would fund the necessary repairs and match the down payment. Would we both be allowed to live in one of the units?

Another question, am I allowed to rent out one of the rooms in the unit that I live in, I.e. get a roommate and charge him rent?

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