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.
Buying & Selling Real Estate
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 almost 8 years ago,

User Stats

16
Posts
2
Votes
Ashby Tyler Cappelmann
  • Clemson, SC
2
Votes |
16
Posts

Conventional Mortgage Options When Not Occupying the Property?

Ashby Tyler Cappelmann
  • Clemson, SC
Posted

Hello everyone! I was wondering how fellow investors fully utilize the cap of 10 conventional mortgages when 9 of them may all be strictly investment properties? If I understand correctly, using any type of FHA loan requires residency and I was wondering how you all get around that. My wife and I are currently in the process of closing on a 203k loan for a duplex with which will be house hacking. Another great deal popped up on the MLS and I was wondering how I could get a conventional loan to purchase it without meeting the FHAs residency requirement? I really like Lima 1 Capital and their structure for purchasing residential properties but I obviously want to try to avoid using hard money as long as possible. Any assistance and time will be greatly appreciated. Thank you in advance.