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Updated over 9 years ago, 03/23/2015

User Stats

21
Posts
1
Votes
James Post
  • Bronx, NY
1
Votes |
21
Posts

Has anyone used an FHA Duplex/Multifamily loan?

James Post
  • Bronx, NY
Posted

Hey All,

I am a first time home-buyer and I'm looking to purchase a Multifamily home/Duplex, live in one and rent out the other one to begin my rental real estate empire. I was wondering if anyone has went this route and took advantage of this loan. I would like to know the highs and lows of this loan and personal experience with it. 

Ive done some research, and some say that this type of loan requires you to already have a renter in place and a lease signed? Is this true? 

Thank you!

James

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