Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

Account Closed
6
Votes |
8
Posts

FHA loan but don’t want to live in one of the units. Thoughts?

Account Closed
Posted

I am currently about to close on a multi family unit with an FHA loan. But I really want to stay living in the suburbs. I'm sure plenty have done it before where they got the loan but live somewhere else in the first year. What do I do to get around that? Simply change my address to the fha loaned building & put some utilities in my name? Maybe find a private renter in the suburbs that takes cash so my name & credit isn't on paper that I'm living somewhere else? Is this whole thing a bad idea? I know the FHA aren't the FBI and very rarely check if the person is actually living there. People in my predicament: how did you go about this?

Loading replies...