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Updated almost 4 years ago,

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Buy my first home and multi-family through FHA 223(f)?

Joshua Rainwater
Posted

I am, looking into buying my first home which I plan to also be a multi-family asset. I want to make the most out of the low interest loans right now. I have maybe 30k in capital. I'd like to buy a multifamily property that needs little repair and can immediately begin to cash flow. I know such a property is probably rare to existent at the moment. But does this seem like an all things considered doable plan for someone just starting out? I would rather not buy a small duplex if it takes the same amount of effort to get a larger multi-family for 2 mil and 1% down. 

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