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Updated almost 3 years ago,
FHA House Hack Question
Hi Everyone,
I'm having some trouble mapping out my plan and would appreciate any assistance I can get. My goal is to purchase a 2-4plex, to house hack and take advantage of a loan down payment loan. In addition, I would like to do it with a partner for financial assistance. However, I understand that if we approach the buying process as a partnership, we won't qualify for an FHA loan.
Is there a way to qualify for an FHA loan, while still maintaining a partnership structure, and all partners receive the rewards of the returns?
I just want to ensure that I approach it correctly, without causing an issue to where we would not qualify for the FHA loan.
I hope this makes sense.
Thank you for any help!
Nate