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Multi-Family and Apartment Investing

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26
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Roland Cheek
Pro Member
  • Rental Property Investor
  • Cincinnati, OH
10
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26
Posts

FHA Loan and House Hacking

Roland Cheek
Pro Member
  • Rental Property Investor
  • Cincinnati, OH
Posted May 9 2021, 07:02

Hi BP, I have want to sell my primary residence and buy a duplex to house hack. My wife and I already have duplex through a conventional loan, that is cash flowing. Will the bank allow us to get an FHA loan with little money down in order to get an owner occupied multi-family? Do I have to complete sale of my primary residence first? Will they make me put down 25%? What if we don't have 25% in order to buy duplex?

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