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Updated almost 11 years ago on . Most recent reply

Nicholas Thompson's profile image
Nicholas Thompson's profile image
Nicholas Thompson
  • from Austin, Texas
  • Member since Mar 9, 2014
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Nicholas Thompson's profile image
Nicholas Thompson's profile image
Nicholas Thompson
  • from Austin, Texas
  • Member since Mar 9, 2014
Connect
Nicholas Thompson
  • Austin, TX
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9
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Tax, SDIRAs & Cost Segregation

Buying a SFR with FHA and Renting

Nicholas Thompson
  • Austin, TX
Posted

I have talked to a few lenders and real estate agents and they have all advised people that it was OK to buy a property with an FHA loan and rent right away. I know legally it is not OK, but everyone has heard stories that there wouldn't be an issue, assuming payments made each month and on time.

What are your thoughts on that in reality? Is it acceptable? Has anyone done it before?

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