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Updated about 5 years ago,

Kurt Brown's profile image
Kurt Brown's profile image
Kurt Brown
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Kurt Brown's profile image
Kurt Brown's profile image
Kurt Brown
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Kurt Brown
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Buying & Selling Real Estate

Adding units to FHA loan property

Kurt Brown
Posted

2 part question. 1st, I'm looking at a property that has three 1bd units on second floor and a non-profitable Deli business on the 1st floor. Can this be purchased under the FHA 1-4 unit OO loan guidelines? 2nd, could I then convert the 1st floor business space to 3 additional 1bd units?

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