Updated 8 months ago on . Most recent reply
Do you actually have to live in the house?
Hey all. Just curious, could someone purchase, say a triplex, using a FHA loan, rent out two of the three units, retaining the third unit for yourself, but not actually live in it? Is that acceptable from the FHA perspective or do they want you to actually physically live in one of the units for the year?
Most Popular Reply
Jake Andronico
#5 House Hacking Contributor
Agent
#5 House Hacking Contributor
- Realtor
- Reno, NV
Yes, you need to live there. Definitely don't want to commit mortgage fraud!!
- Jake Andronico
- 415-233-1796