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Updated 8 months ago on . Most recent reply

Buying multifamily as primary
I have a question that I am looking for a good answer on. I want to know if I buy a four plex under an FHA, claiming that one of the units will be my primary residence, can I move somebody into the unit I claim as my residence and collect rent from them without issue? I just want to know if problems will occur for doing this.
Nicholas
Most Popular Reply

It sounds like what you're proposing is mortgage fraud. When you sign the FHA loan docs that you are moving into the property as a primary residence and you personally do not move in then that would be fraud.