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Updated over 5 years ago on .

User Stats

7
Posts
1
Votes
Greg Goodman
  • Realtor
  • Bountiful, UT
1
Votes |
7
Posts

Partnering with expirenced investor to do an FHA 4-plex househack

Greg Goodman
  • Realtor
  • Bountiful, UT
Posted

So I am currently living in a house where I have about 80,000 equity and I want to buy a four Plex with an FHA loan but can't qualify by myself do you think an experienced investor would partner with me and we could split the cash flow I would live in the four Plex for a year minimum requirements for my FHA how would I structure this dealTo be an attractive to experienced investor the biggest problem I see is that we wouldn't get cash flow from the unit that I'm living in. Will it have to be a Value add scenario where we can fix it up over the year that I'm living there and sell for a profit or keep and cash flow but that frees up 17% down at the investor wouldn't have to put because I can get away with 3.5 with an FHA owner occupied loan.