Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 over 4 years ago,

User Stats

33
Posts
12
Votes
Robert Johnson
  • Rental Property Investor
  • New Bern, NC
12
Votes |
33
Posts

FHA Loan 4 plex. Rent out all 4 units but live on property in RV

Robert Johnson
  • Rental Property Investor
  • New Bern, NC
Posted

Hey guys, I'm new to the real estate game and a single person with a day job as a park ranger. I bought myself a SFH last year and really enjoy the lifestyle of my own space, but want now I want to make a jump to small multis. I'm really interested in the FHA 3.5% down loan on 4 plexs and stay a year and move again.

One of the big issues with my career is that I move around a lot (normally not in an area more than 2-4 years). Because of this I have learned to despise moving and resettling in a new place since I have to do it so often and I don’t like the idea of doing it every single year moving around town.

Also seems like it would cut into the profit. So I had a thought today about possibly buying a smallish travel trailer/RV and making my home in that (very common for people in the career). I was wondering if it is legal to still use the FHA loan on a property if I don't live specifically in the dwelling?

I’m thinking I’d look at a property with a larger lot and build a pad and little private area for myself and rent out the full dwelling.

Any thoughts on how this could possibly work?

Loading replies...