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All Forum Posts by: Jennifer Oquendo

Jennifer Oquendo has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: USDA Loan Confusion

Jennifer OquendoPosted
  • Bronx, NY
  • Posts 2
  • Votes 0

So, to be clear, you can purchase a multi-family property (2-4) units, through the USDA loan, providing you are residing in one of the units, and of course meet their requirements? 

Was the USDA Loan ONCE designed just for rural single family homes? 

0 Votes
Buying & Selling Real Estate

Post: USDA Loan Confusion

Jennifer OquendoPosted
  • Bronx, NY
  • Posts 2
  • Votes 0

How can you use a USDA to invest? 

I'm currently reading 'the book on investing in real estate with no and low money down' by Brandon Turner. And I'm reading about the USDA loan, (in the book, it states that its only for rural single family homes only, but reading through the forum, I see that you can buy a multi-family property with a USDA loan, depending if the location of the property is eligible. Is this accurate? 

If it's only for rural single family homes, how are you investing, if you must reside in the residence? 

0 Votes