Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

35
Posts
4
Votes
Jon Mark
4
Votes |
35
Posts

FHA question regarding multiple homes

Jon Mark
Posted
I have found a listing that consists of 4 homes, all on the same street and neighboring lots, (all on one survey) that are listed for sale at 560,000. I know with FHA you can invest in up to a 4 Unit property, but I’m wondering if this would be considered 4 units? They are all on the same survey legally, and as a result cannot be individually sold without re-doing the survey. I can afford 3.5 percent down, not 20 percent, is the reason I ask. They will still cash flow well after the additional costs of a FHA loan. Thanks for any input and advice

Most Popular Reply

User Stats

23,418
Posts
13,508
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

If they are all on the same Parcel-legal description/tax ID number, then yes. Being on one “survey” may not mean anything.

Loading replies...