General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply

FHA Loan occupancy question
My girlfriend and I currently own a primary residence in New York and are looking to purchase a 4-plex in Florida. We will be renting our current place out, I will be moving in with family as my job is located in New York. My girlfriend is currently working remote so she would occupy one of the units in the 4-plex.
We are looking to take advantage of an FHA loan low down payment. Would she be able to split her time between Florida and New York or would that raise a red flag?
Would it look bad if she took on a roommate as well?
Thanks!
Most Popular Reply

@Ryan Cleary, you'll need to speak with an FHA expert or attorney(which I'm sure I can recommend if needed), but I'm assuming same as dodging NY Taxes, if it is her primary residence and she's there more than 50% of the year, you should be OK.