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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationLegal Questions on FHA Loans
Lee Stephens's profile image
Lee Stephens's profile image
Lee Stephens
  • Investor
  • from Rosemont, IL
  • Member since Dec 17, 2018
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Lee Stephens's profile image
Lee Stephens's profile image
Lee Stephens
  • Investor
  • from Rosemont, IL
  • Member since Dec 17, 2018
Connect
Lee Stephens
  • Investor
  • Rosemont, IL
15
Votes |
49
Posts
Tax, SDIRAs & Cost Segregation

Legal Questions on FHA Loans

Lee Stephens
  • Investor
  • Rosemont, IL
Posted Jul 15 2019, 16:48

Hi BP,

I'm an investor from Chicago looking to potentially purchase my first property using an FHA loan. If I went this route I would rent out all of the units from day one (i understand that this is only permitted after 1 year of owner occupying) which brings me to a couple questions..

1. Has anyone been checked on to ensure they were using the FHA loan properly and occupying one of the units?

2. Do you think this is a risk worth taking?


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