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Updated almost 5 years ago on . Most recent reply

Jeff Byrne's profile image
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Jeff Byrne
  • Rental Property Investor
  • from Louisville, KY
  • Member since Sep 19, 2019
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Jeff Byrne's profile image
Jeff Byrne's profile image
Jeff Byrne
  • Rental Property Investor
  • from Louisville, KY
  • Member since Sep 19, 2019
Connect
Jeff Byrne
  • Rental Property Investor
  • Louisville, KY
61
Votes |
37
Posts
Buying & Selling Real Estate

FHA Loan and 4plexes

Jeff Byrne
  • Rental Property Investor
  • Louisville, KY
Posted

I understand that an FHA loan will finance the purchase of a fourplex property. My question is what if those units are 2 bedroom units? Just curious to see if there is any insight on this. I would assume that yes they would be covered.

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Jeff Byrne's profile image
Jeff Byrne's profile image
Jeff Byrne
  • Rental Property Investor
  • from Louisville, KY
  • Member since Sep 19, 2019
Connect

User Stats

37
Posts
61
Votes
Jeff Byrne's profile image
Jeff Byrne's profile image
Jeff Byrne
  • Rental Property Investor
  • from Louisville, KY
  • Member since Sep 19, 2019
Connect
Jeff Byrne
  • Rental Property Investor
  • Louisville, KY
61
Votes |
37
Posts
Jeff Byrne
  • Rental Property Investor
  • Louisville, KY
Replied

@Scott Beal

Thanks for the insight. I plan on living in the property for at least 1 year before moving on to the next location or the next deal. Do you need to have the downpayment on hand in order to be pre approved for a conventional loan?

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