Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

4
Posts
0
Votes
Jackson Vasey
0
Votes |
4
Posts

FHA loan use for rentals/primary residence

Jackson Vasey
Posted

So I've done some research but I have a few questions regarding FHA loans. I currently am saving money for a downpayment(I don't own a home currently). I intend on purchasing a home then living in it for a year and then if I understand correctly I can then purchase another home using an FHA approved loan assuming I live in the new home for atleast a year. This would allow me to purchase a new property every year or 2, granted I'd have to live in that new home for atleast a year and that would allow me to rent out the old property. From my understanding this type of loan also applies to duplex's and even triplex's as long as I occupy one of the units for atleast a year. Any advice or input on other strategies would be appreciated. For reference I live in Central FL, I am 21 so I don't need to get a lot of properties fast using crazy risky methods or anything, also don't have any interest in buying larger properties with partners.

Thanks for any input 

Loading replies...