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Updated almost 12 years ago,

David Schneider's profile image
David Schneider's profile image
David Schneider
  • Investor
  • from Sapulpa, Oklahoma
  • Member since Feb 6, 2013
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User Stats

41
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2
Votes
David Schneider's profile image
David Schneider's profile image
David Schneider
  • Investor
  • from Sapulpa, Oklahoma
  • Member since Feb 6, 2013
Connect
David Schneider
  • Investor
  • Sapulpa, OK
2
Votes |
41
Posts
Buying & Selling Real Estate

Can I buy a multifamily home with an FHA 203K?

David Schneider
  • Investor
  • Sapulpa, OK
Posted

Hey BP,
I'm looking to buy a home with a free standing detached mother-in-law apt. Its independent enough it could be considered a 2 unit home.
I looked on FHAs website and they said the 203k can be used on a 1,2,3, or 4 unit home. But my realtor says because its detached fha will consider it an investment property and won't loan on it.
Has anyone bought a home with a detached apartment with Fha or specifcall 203k?
Thanks

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