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Updated over 7 years ago on . Most recent reply

User Stats

306
Posts
47
Votes
Jason Eyerly
  • Real Estate Agent
  • Las Vegas, NV
47
Votes |
306
Posts

FHA Loan For Multifamily Properties?

Jason Eyerly
  • Real Estate Agent
  • Las Vegas, NV
Posted

Hello Everyone,

Been away from BiggerPockets awhile. I live in Las Vegas and am looking at getting a home next year, sooner the better, to finally have my first rental. I'd like to get a multifamily and use an FHA (probably down payment assistance depending on what 3.5% or so equals). I know I have to "live" in the home for a certain amount of time. Multis in the midwest seem incredibly affordable and a popular choice, but for career, education, and other reasons I'm not ready to move to Kansas next year. But, knowing the Vegas market, I don't see many privately owned multi family buildings for sale, unless you could purchase an entire condo building. Hoping to get some guidance on what to do here. Thanks!

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