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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Texas Real Estate Q&A Discussion Forum
HomeForumsTexas Real Estate Q&A Discussion ForumCan an FHA loan be used...
James Trower's profile image
James Trower's profile image
James Trower
  • Investor
  • from Houston, Texas
  • Member since Jan 3, 2017
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James Trower's profile image
James Trower's profile image
James Trower
  • Investor
  • from Houston, Texas
  • Member since Jan 3, 2017
Connect
James Trower
  • Investor
  • Houston, TX
1
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12
Posts
Texas Real Estate Q&A Discussion Forum

Can an FHA loan be used...

James Trower
  • Investor
  • Houston, TX
Posted Oct 30 2017, 10:44

I have a question. I was told by a Texas real estate agent that if I used an FHA loan to purchase a duplex, triplex, or 4-plex that I intended to occupy that I could not collect any rent money from other units because that wold be considered mortgage fraud because FHA loan can not be used for investments. Can someone tell me if this is true. Thanks

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