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Updated almost 4 years ago, 03/30/2021

User Stats

126
Posts
32
Votes
Jonathon Nila
  • Investor
  • California
32
Votes |
126
Posts

Financing for an ADU House Hack?

Jonathon Nila
  • Investor
  • California
Posted

What's Up BP! Me and my mother were looking for a duplex to house hack, we got approved for up to 500k but my question is I know with slim inventory and more of a selection on Single family homes I wanted to know if we are able to purchase with a standard FHA loan on a Single Family with a good size lot and and say couple months down the road turn around get a Renovation loan on the ARV with an ADU on the property to rent out due to the New laws for ADU have taken place I figured this will be another avenue to explore than just a duplex to house hack? Has anyone heard of this? Thank you all in advance!

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