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Updated about 1 year ago,
Using an FHA loan on a multi family?
Hey!
I wanted to reach out and see if anyone had any experience getting a multifamily unit using an FHA loan.
Specifically,
1) How does the process work?
2) Do you find a property and pitch the “idea” to a bank?
3) How does the bank consider the extra rental income from the other unit? Do you put that info together and show the bank?
4) What are your general experiences with this?
Thank you!