Can you House-Hack a Multi-Family?

[Shanea Fulks]

We had one of our investors back out of a Multi-Family Building (6 Units) we are trying to purchase,,, Is there a commercial loan that would allow us to rent our Primary and move into one of the apartments as a primary residence and house hack? Or because its 6 and not 4 is this not possible?

[Jason Wray]

Anything above 4 Units is commercial and does not fall under the primary owner occupancy guide lines.  You can always buy it as a investment and tap into any equity you have for the down payment from another home.  Unless you have a friend or another investor who wants to split the down payment you can have more than one person on the loan to qualify and split assets.