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Updated almost 2 years ago, 02/28/2023
First time House Hacking - FHA LOAN DUPLEX
Hey BiggerPockets, question!
Do you recommend purchasing a multi family property with an FHA loan. To keep it short, I'll be living with my girlfriend - rent is $1000/month; $500 each.
The goal would be to house hack" a duplex with a FHA LOAN (3.5-5% down). Rehab side A - Rent side B . Once rehab is completed - move tenant to side A - Rehab side B & after 6/8/12 months rent side B. Rinse and repeat. Possibly do a triplex, then quadplex. My mortgage loan officer says he only requires 5% down for 2-4 units