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Updated almost 2 years ago,
FHA loans and the “rules”
Hey everyone, I'm working on getting into the real estate investing world and I just want to make sure that I understand a rule regarding FHA loans to ensure I use it correctly and go forward with the right information. I know it true that with an FHA loan you are required to live at the home for one year in one unit while renting out the other units (house hacking) but does an FHA loan also cover a single family home if I rent out individual rooms in the house? Does this angle qualify for this type of loan and allow me to use the same advantages on down payments and allow me to get into real estate even without a multi family home purchase? Looking for any and all thoughts and input. Thanks!