Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

43
Posts
8
Votes
Jeff Chapz
  • Rental Property Investor
  • Austin, TX
8
Votes |
43
Posts

Can an FHA loan be use to purchase a 15 unit property??

Jeff Chapz
  • Rental Property Investor
  • Austin, TX
Posted

Hello team, we submitted an LOI about 3 weeks ago on a multi family (15 units) property and we heard from the seller last night. He gave us a reasonable price and my wife and I would like to move forward. However, we would like to know if we can get an FHA loan to buy this property. We are willing to move and live there for a year or more as long as we get the 3.5% for down payment. Can someone tell me if that option is available for us? or if there other similar options for us to put down very little in order to aquire this property?

If the option to buy on my own is available... I want to try that first before raising money. Please let me know. I thank you in advance.

Loading replies...