Updated over 6 years ago on .
203k Loan creative options. Need help.
Hey everyone, just started with BP and was wondering about some creative options as it pertains to my current situation. I work for a company who provides a corporate apartment so I don’t have a mortgage or pay any rent, I want to take advantage of the fha 203k loan and try to cash flow with a 2, 3, or 4 plex while living in one unit and renting the others out potentially. If I wanted to do the traditional fha loan could I still use the brrrr method even though I technically have to live in the unit for a year? I want to know if there’s any option as well to take advantage of my current free housing and using the fha without committing mortgage fraud.