This is a two part question. 1) Can you use a FHA loan to have a fourplex built? And 2) How many bedroom's are allowed in fourplex? Reason is, I need 4 bedroom's.
John, I 've never flipped using an FHA loan. I always use hard money. Have you read into 203(K) REHAB MORTGAGE?
No I haven't, a buddy of mine suggested looking into it. Flipping it no, just an investment to have. As well as a place to live for the time. While I do flip homes this is one if permitted to have 4 units with 4 bedrooms would be something I would hold on to as an investment. Even with the thought of moving out of my 4 bedroom unit into a Future whole house.