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Updated about 5 years ago,

User Stats

12
Posts
2
Votes
Emmanuel Soto
  • Arizona/SoCal
2
Votes |
12
Posts

Using FHA loan to purchase multi family and house hack it!

Emmanuel Soto
  • Arizona/SoCal
Posted

Hi, BP Commnunity!

I am seeking advice on whether to purchase a 4-plex multi family and living in one of the units assuming i find a good deal under 100k.

I am also a newbie wholesaler, but want to house hack while focusing on finding these deals.

Here's the scenario, I have the 3.5% to put down and a team of contractors to rehab the property. My credit score is 620 and I have my car and a trailer I would put down as collateral, would a lender help me or should I wait to build more capital wholesaling?

I would use my credit at lowes and home depot for the rehab.

Thanks!

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