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Updated over 5 years ago, 08/03/2019

User Stats

10
Posts
2
Votes
Dawal Limbachia
  • Rental Property Investor
  • Chicago, IL
2
Votes |
10
Posts

Does it make sense to buy a duplex using FHA loan and rent out 1?

Dawal Limbachia
  • Rental Property Investor
  • Chicago, IL
Posted

Hello fellow investors. I am new to real estate and I had a question about buying a duplex. My current income range is low to moderate. There's a 90% chance that I can get qualify for FHA loan. Do you'll think it would be a good idea if I buy a duplex and rent one out and self occupy the other. Would FHA allow me to do that? My long term goal is to creat a steady cash flow through rental properties. I am open to any and all kind of suggestions. Thank you in advance for your input.

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