Owner Occupied Multi-Family

[Ernes Sahic]

I am looking to use a first time homebuyer FHA insured loan for the low down payment to purchase a duplex, triplex or fourplex in the Dallas Fort Worth area. One major part of my plan is finding a property.

What I’m looking for is a way to find all the multi unit properties in my specific area so I can reach out to the owners. Where can I located these properties and owners?

I have started looking at Zillow and Realtor.com. What other resources should I look into?

[Jonathan Greene]

If you are planning on buying with an FHA loan, spending time and money on off-market lists won't be very fruitful. Most off-market sellers, especially in a competitive market, are lured to sell by quick deals, cash, and limited inspections. With an FHA, you will have a long closing, full boat mortgage, and FHA inspections which are not easy on a seller. If it's your first buy and you want to utilize an FHA you should be looking on-market with an agent where you can do full inspections and can have any FHA anomalies corrected.