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Updated over 5 years ago,
Fha loan forba duplex up to 4-plex good or bad idea?
Hi everyone, i was just wondering if useing an FHA loan to buy a duplex up to a 4-plex is a good idea? Surei will live on the property for one year but i asked my friend who owns 30+ properties and he said its bad because i will be over leveraged. Can someone explain this? Because as i do my reserach it seems like people are doing this alot and it works for them. So what does my friend mean? Thank you guys!