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Updated over 6 years ago,

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9
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0
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Justin Wroblewski
  • Blackwood, NJ
0
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9
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Turning an FHA Loan into an investment property

Justin Wroblewski
  • Blackwood, NJ
Posted

I am a 24 year old new investor (also new to BiggerPockets) who is motivated to grow my portfolio. I currently own a duplex in New Jersey as of January 31, 2018, which I purchased with an FHA Loan. I currently have the top unit rented out and I occupy the bottom unit. My short term goal is to move back in with my parents so I can rent out both units. This leads me to my only obstacle; Am I within FHA guidelines if I choose to move out of my bottom unit? If not, what is the best way to legally convert this property in to an investment?

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