Financing a 4-plex new construction

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  • Patrick DruryBusiness Member
    Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
    4y

    @Account Closed 
    Hard No. Need to occupy the property within 60 days. Never see a 4-unit built in 60 days unless you living on a construction site. The best thing would be to buy an existing 4-unit with an FHA loan. To my knowledge, I don't know of a loan product that is low money down like FHA for new builds. If you are dead set on building one hard money/ construction loan would be the way to go. Doing FHA on an existing 4-unit is going to be better though in my opinion do some value add and live rent-free. Depends on your goal, though!

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