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Updated almost 7 years ago on . Most recent reply
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FHA loan on multi-family
Hey all!
I was hoping you guys could consider this potential loan strategy for our first house/rental property.
We are currently in a lease but have come into what seems to be a great opportunity for a first investment/house hack. It is a 4-plex, well priced with some rehab needed.
Our current place does not allow subletting so we would not be able to rent our current place out even on airBNB.
Would it be possible to use an FHA loan and consider 1 unit of the 4-Plex our “first home” and actually leave it vacant but furnished, and then airBNB to get some income from it until the end of our current lease when we would be able to move in fully?
Thanks!