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Updated about 2 years ago on . Most recent reply

Ryan Bratsch's profile image
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Ryan Bratsch
  • Investor
  • Member since Aug 21, 2019
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Ryan Bratsch's profile image
Ryan Bratsch's profile image
Ryan Bratsch
  • Investor
  • Member since Aug 21, 2019
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Ryan Bratsch
  • Investor
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4
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House Hacking

FHA Loan With 3-Way Partnership?

Ryan Bratsch
  • Investor
Posted

Hello Everyone, 

My two business partners and I are looking to invest in a small multifamily property. I will be living in one of the units. They will be living elsewhere. Can we still apply for an FHA loan under these circumstances? If you have experience with 3-way RE partnerships, please also provide any insights on how you structured the partnership if one was living in the property and doing the majority of management.

Thank you in advance for your response. 

Minneapolis, Minnesota
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Jeff Schemmel's profile image
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Jeff Schemmel
  • Real Estate Agent
  • from Saint Paul, MN
  • Member since Dec 23, 2014
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Jeff Schemmel's profile image
Jeff Schemmel's profile image
Jeff Schemmel
  • Real Estate Agent
  • from Saint Paul, MN
  • Member since Dec 23, 2014
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Jeff Schemmel
  • Real Estate Agent
  • Saint Paul, MN
384
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370
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Jeff Schemmel
  • Real Estate Agent
  • Saint Paul, MN
Replied

@Ryan Bratsch @Adam Widder's recommendation for @Tim Swierczek is solid!  he's excellent and I'm certain he's got some good investment advice for you as well.  Have you done a deal yourself before?

  • Jeff Schemmel
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