Strategies

[Rashidi Brown]

Evening BP community,

Question, Say I finance a multifamily home with an FHA loan with the 3 1/2 percent down as an owner occupant of course, then say I leave that apartment and rent it out, I'm assuming I have the other units rented. Could I again go get an FHA 203k loan with the same 3/ 12 down and get a single family that may need some cosmetic work? or is it that I have to refinance on the multifamily in order to make that happen.

Your thoughts,

Rashidi Brown