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Updated over 5 years ago on . Most recent reply

Levi Fleming's profile image
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Levi Fleming
  • Investor
  • from Allen, TX
  • Member since Oct 3, 2017
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Levi Fleming's profile image
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Levi Fleming
  • Investor
  • from Allen, TX
  • Member since Oct 3, 2017
Connect
Levi Fleming
  • Investor
  • Allen, TX
1
Votes |
13
Posts
Creative Real Estate Financing

FHA Loan for Investment Property

Levi Fleming
  • Investor
  • Allen, TX
Posted

Can I use an FHA Loan to buy a multi-family as owner-occupied but only live in one of the units on weekends? Please let me know your experiences or provide any insight on this. Thanks

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Levi Fleming's profile image
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Levi Fleming
  • Investor
  • from Allen, TX
  • Member since Oct 3, 2017
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13
Posts
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Votes
Levi Fleming's profile image
Levi Fleming's profile image
Levi Fleming
  • Investor
  • from Allen, TX
  • Member since Oct 3, 2017
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Levi Fleming
  • Investor
  • Allen, TX
1
Votes |
13
Posts
Levi Fleming
  • Investor
  • Allen, TX
Replied

Hi @Jerry Padilla, thank you for your response. I asked this question because I have read of scenarios where people purchased duplexes using FHA but only lived at the property for roughly 50% of the time while renting out the other unit. Thanks for clarifying.

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