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Updated over 7 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • New to Real Estate
  • from Browns Mills NJ
  • Member since Mar 14, 2017
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • New to Real Estate
  • from Browns Mills NJ
  • Member since Mar 14, 2017
Connect
Account Closed
  • New to Real Estate
  • Browns Mills NJ
0
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Starting Out

New at House hacking multi family FHA Loan

Account Closed
  • New to Real Estate
  • Browns Mills NJ
Posted
If I purchase my first multi family investment using a FHA loan to get a low down payment of 3.5% and use rental income potential towards the purchase of the home I was told you have to use one of the units as your primary residence. Is this true? If so for how long must you live in it before you can move out and rent out that unit also?
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