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All Forum Posts by: Bryan Huntington

Bryan Huntington has started 7 posts and replied 22 times.

Multi-Family and Apartment Investing

Post: FHA loans limited to 2 units?

Bryan HuntingtonPosted
  • Rental Property Investor
  • Salt Lake City, UT
  • Posts 23
  • Votes 14
I'm a first time home buyer and am looking to house hack in a duplex, triplex or quad with an FHA loan. I just talked to a lending agent about getting pre-qualified for a loan and he said FHA is only good up to 2 units. 3 units or more jumps up to commercial loan of 25% per Freddie and Fannie rules. I feel like this is incorrect. Is it true you can only get up to 2 units with FHA or can you get 3/4 units?
0 Votes
Starting Out

Post: How to find off market deals?

Bryan HuntingtonPosted
  • Rental Property Investor
  • Salt Lake City, UT
  • Posts 23
  • Votes 14
Try calling duplex/triplex/quads that are listed for rent. You can discuss how you might want to rent one of units and would like to know more information about the property. At some point mention that you would be interested in purchasing the duplex/triplex/quad as well. If you can find a "distressed" landlord they might be willing to discuss selling instead of renting.
1 Vote