FHA with Captial Partner, is it legal

[Konrad Lightner]

Hi all,

My wife and I are thinking about doing the multi-family, FHA, Hack your housing strategy here in the Burbank area.

http://www.biggerpockets.com/renewsblog/2013/11/02...

The down payments are extremely large, even for an FHA here in the LA area.

My question is, is it legal to have a partner for FHA loans. My wife and I would live in one unit, manage it, and then move on to another the next year, rinse and repeat. We would like to add a partner that can add capital and experience to a deal.

Let me know what you think, or even if this is legal/possible.

Thanks

Konrad