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Updated about 10 years ago on . Most recent reply
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Please read! Buying using FHA
Hello everyone. Thanks for taking the time to read this post.
I turned 18 and if you have seen my posts before you know it's my goal to buy a rental property while I'm 18.
Quick question for you. The bank is telling me for investment property you have to put 15% down. Although this would not be a problem, I'm just wondering who would stop me if I used FHA and a month later started to rent it out. How would they know? If they found out what would happen?
Thanks and can't wait see what you guys say.
Have a great night,
Kyle