Looking for an FHA loan purchase Florida or New York?

Looking for an FHA loan purchase Florida or New York?

Member since 2020 · 5 posts · 2 votes

I'm looking to househack a small multifamily property but I'm split two ways. I have a job opportunity with my company in Florida which will have me in out of Florida for over a year, (would I still be able to make it my primary residence?) or a few options of 4 families in Brooklyn NY which cashflow but are a steeper upfront investment. Which market should I use this one time government aid in? 

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  • Rental Property Investor · Brooklyn, NY · Member since 2008 · 92 posts · 59 votes
    6y

    I'm struggling to understand the connection between government aid and house hacking. However, if you have the capital to invest in Brooklyn; it will be likely a better return long term than most anywhere else. If you also have the ability to establish residency in Florida, that too is something you should try to get. 

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