Buying investment properties with FHA loan.

[Carmen Falcone]

If you have an FHA residential loan you need to occupy one of the units and can rent out the rest. My question is can you ever rent out all of the units or will you have to occupy at least one of them for the life of the loan? For example, I live in Pennsylvania and a residential property is 4 units or less. Lets say I bought a four unit apartment, lived in one, and rented out the other three. Now if I wanted to move out of that apartment in a year from now, would I be able to rent out that fourth unit?

[Natalia Collini]

You only have to live in one unit for at least a year and after that you can move out and rent the last unit. You may even be able to get another FHA loan in the future after that, especially if you can refinance the first loan at some point.