Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 1 times.

Post: Flexibility of FHA Owner Occupancy status?

Account ClosedPosted
  • New to Real Estate
  • Posts 1
  • Votes 0

Hey! I'm Matthew, I'm fairly new to the world of real estate investing and rental properties, though I'm very excited to be diving deeper into things. I've been looking at 3 unit rental properties in the Manchester NH area that, while being able to net a solid positive cashflow right out of the gate, would produce less cashflow with me living in one of the units for a year or so while I save up for my next project. So my thought to increase cashflow right out of the gate would be to purchase an RV, park it on the property, and live out of that for the majority of the year while all 3 units are rented out, netting me . However, since I'm most likely going through an FHA loan when I do decide to purchase a property, it is required that I am an owner occupant. So really my question is this; if I purchase this 3 unit rental property with an FHA loan, and if I live on the property in an RV, does that still count as owner occupation?

Thank you!