Question for multifamily investors about FHA Owner-Occupied

Multi-Family and Apartment Investing
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Question for multifamily investors about FHA Owner-Occupied

Benjamin Misner
Houston, TX · Member since 2018 · 19 posts · 0 votes

Hello investment community! I am looking at getting started in multifamily. Has anyone used an FHA loan? If so, do you recommend it for first time investors. For example, if I wanted to buy a quadraplex, would this be a good way of getting started?

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Theo Hicks
Rental Property Investor · Tampa, FL · Member since 2015 · 1k+ posts · 969 votes
7y

Yes. You can acquire the deal for 3.5% down and have a place to live.

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  • Harjeet BhattiPro Member
    Lender · Glenview IL- CDLP NMLS#230554 · Member since 2015 · 2k+ posts · 747 votes
    7y

    @Benjamin Misner You  do have Home possible option with 5% down payment for 2-4 units. You can explore both options and see which one will fit your scenario.

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  • Frank Procopio
    Real Estate Agent · Naples, FL · Member since 2016 · 298 posts · 268 votes
    7y

    Are you going to be living in it? 

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  • Theo Hicks
    Rental Property Investor · Tampa, FL · Member since 2015 · 1k+ posts · 969 votes
    7y

    Yes. You can acquire the deal for 3.5% down and have a place to live.

    2Reply
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