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.
Creative Real Estate Financing
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 about 8 years ago,

User Stats

22
Posts
4
Votes
Eric Lewis
  • Fort Mill, SC
4
Votes |
22
Posts

Getting an FHA loan on an additional property

Eric Lewis
  • Fort Mill, SC
Posted

I'm hoping I can run this scenario and get some guidance. I currently have two open conventional mortgages of which one is my primary residence, the other is a rental property that was formally my first home. My job requires me to spend two days a week in Greensboro, NC. I'm looking to purchase another investment property, preferably a multi family without tying up all my resources on one deal I thought it might be possible to purchase a multi family in Greensboro since I will be commuting there weekly for work and staying in one of the apartments and renting out the remaining and financing this through an FHA loan. From what I have researched it seems this is possible being that I would be commuting over 60 miles from home and would just have to stay in one of the units for a year before renting? Anyone know anything about doing this and if it would be possible? Maybe someone could point me in the right direction of a good investment realtor in the Greensboro area as well?

Loading replies...