All Forum Posts by: Stephen Fletcher

Hey everyone, I'm new to REI and bigger pockets. I'm just beginning by journey in financial independence and luckily I came across BP. So I'm in the process of considering buying my first home property after many year of thinking not owning but the best way to go. And after reading and listening to podcasts I came across multifamily house hacking, where I buy a quadplex and rent out the other unit. But it seems FHA limits the residency to 4 units, but I would like to maximize my first investment by getting into a 7-10 unit building and use the NOI after debt servicing to grow my portfolio. I was wondering how I could structure the deal so I could do something like use FHA(or if there is a better option all together than FHA) for the first four units and seller finance, or use other loan vehicle, for the remaining units. Any advice would be greatly appreciated.