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Updated about 8 years ago on . Most recent reply

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18
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2
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Kyle Nelson
  • Lansing, MI
2
Votes |
18
Posts

FHA Financing Vacant 4-plex in Lansing MI

Kyle Nelson
  • Lansing, MI
Posted

Hello,

I am looking to buy my first property using an FHA loan. I have a 4-unit in mind in the Lansing MI area and it is fully vacant. A few questions:

Can anyone recommend a lender that can count 75% of the future rent (Does FHA still allow this?)

If so, how do I get a rental appraisal done for the property?

Are there any additional requirements for this?

Thank you in advance!

-Kyle

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