All Forum Posts by: Account Closed

Hello Bp Community!

I am embarking remodeling my first town home, but have hit a few snags and need some help. I'm hoping some of you can refer an investor-friendly contractor to remodel a walk in shower that was botched. I really appreciate any recommendations, because after this experience, I am now realizing how hard it is to find good help.

Thank you!

Thank you gentleman!!! I really appreciate the responses, I’m glad to hear that this is feasible!

Morning everyone! I have a question in regards to acquiring an FHA loan. I am currently house-hacking a townhome in Phoenix Arizona that I intend on renting full time. I’ve lived here for 2 years, and used a conventional loan to get started. Now I’d like to use an FHA loan to house-hack a four-plex. Is this possible? What is the best course of action in getting into a Muti-family property?

As far as utilizing the house hack method I have a few questions. Two years ago I purchased a Town home, as my primary residence in Phoenix AZ, with a conventional loan. I have been renting out the rooms without a formal lease to a friend and my sister. I am now currently looking to utilize an FHA loan to acquire a multifamily property. I plan on using the equity built in the SFH as a down payment. My question are as follow.

1) Is this possible?

2)Has this ever been done before?

3) What are the odds of the under writer allowing this?

4) I know this is very vague, what other information is this relevant to the situation.

5)What other questions should I be asking.

Thank you very much for your feedback.