Using an FHA Loan to buy out of state.

3 Replies

BP Community, 

Can you please clarify for me the following question? I'm looking into possibly using an FHA Loan to purchase a 4 Unit Investment out of state. I understand should I purchase a 4-unit home I must reside in one unit to qualify for the loan. If this is the case, is it ok for me to live in my existing rental and use this unit in the 4-plex as a part time home? Thanks for your feedback! -James