Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 8 months ago on . Most recent reply

User Stats

7
Posts
1
Votes
Nicholas Olson
  • New to Real Estate
  • Midland, TX
1
Votes |
7
Posts

Buying multifamily as primary

Nicholas Olson
  • New to Real Estate
  • Midland, TX
Posted

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

  • Nicholas Olson
  • Most Popular Reply

    User Stats

    846
    Posts
    571
    Votes
    Bradley Buxton
    • Real Estate Agent
    • Nevada
    571
    Votes |
    846
    Posts
    Bradley Buxton
    • Real Estate Agent
    • Nevada
    Replied

    @Nicholas Olson

    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.

    Loading replies...