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Updated about 4 years ago,

Ben Trageser's profile image
Ben Trageser's profile image
Ben Trageser
  • Rental Property Investor
  • from Montclair, NJ
  • Member since Feb 19, 2020
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User Stats

13
Posts
6
Votes
Ben Trageser's profile image
Ben Trageser's profile image
Ben Trageser
  • Rental Property Investor
  • from Montclair, NJ
  • Member since Feb 19, 2020
Connect
Ben Trageser
  • Rental Property Investor
  • Montclair, NJ
6
Votes |
13
Posts
Creative Real Estate Financing

Two Person FHA Loan on Multi Family

Ben Trageser
  • Rental Property Investor
  • Montclair, NJ
Posted

My friend and I are considering going in on a multi family property. He is in Michigan and I am in New Jersey. Property would be in Michigan. I would not be living in any of the units and be an out of state investor.

He would move into one of the units. Is it possible to get a joint FHA mortgage along with the 3.5% down since he will be occupying it? Does it have an impact if my name is on the mortgage? Is this even possible? I know a single person can do a FHA on a multi-family.

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