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All Forum Posts by: Bria Bacon

Bria Bacon has started 1 posts and replied 1 times.

Creative Real Estate Financing

Post: Can I do an FHA 203K on a lot with two duplexes on it?

Bria BaconPosted
  • Posts 1
  • Votes 1

Hello all. I'm a newbie investor based in Atlanta looking to invest in my 1st multi-family property using the FHA/FHA 203k loan. I found a fixer-upper property that has two duplexes on one lot. They were originally duplexes, but have both been converted to single-family homes. My idea is to do the FHA 203K and renovate them fully, converting them both back to duplexes. I found another lot that had a quadplex & a SFH on it. I like the idea of living in the SFH while renting out the quadplex. Will I be able to do the FHA loan with two properties on the same lot? Is this feasible when there are two homes on the same lot w/ two different addresses? Any insight/pieces of advice are helpful!!

1 Vote
Atlanta, Georgia