How Can I Win a Bid on Fourplex with FHA Financing?

[Lakila Richardson]

Hi BPers...I'm an investor in South Florida and looking to utilize an FHA loan to purchase a fourplex. There are a lot cash buyers in this market and obviously cash is king, so please provide any advice on competing for bids when my financing will be through FHA. As I understand it, many sellers don't want to deal with FHA due to the lengthier processing time.

Has anyone been successful with navigating this?