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Updated about 7 years ago,
Massachusetts House Hacking
Hello everyone! I've been browsing the forum for information on this and decided I'd ask my questions. In roughly 9-12 months I intend on purchasing property in Greater Boston area. For now doing my research and analyzing fake numbers on a Duplex/Triplex would be ideal. I would intend on living in an unit and renting the other(s) for a year and then hopefully purchase a second property and rent out that last unit. What I'm wondering is can I incorporate the other units rent as part of the year income when financing with an FHA 3.5%? I do make a six figure salary and have excellent credit but my area is fairly expensive and finding a triplex is hard enough, knowing that having the other rents incorporated in the lending would help me as to where I limit or expand my search? Any advice is appreciated! Please inform me if I'm in the wrong area of the forum, thanks.