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All Forum Posts by: Thomas Land

Thomas Land has started 1 posts and replied 2 times.

Real Estate Deal Analysis & Advice

Post: FHA Loan On BUILDING A Fourplex

Thomas LandPosted
  • Posts 2
  • Votes 0
Quote from @Taylor Dasch:
This is a great idea if it is possible! Would you be looking to finance the lot as well as the build? I'm not knowledgeable on any of this but typically you have to buy the lot cash(I think). Hopefully Andrew Postell can chime in or you can PM him he is very knowledgeable on this kind of stuff!

Great question. I'm new enough to the industry that I actually didn't know I would have to personally finance the lot. If that's the case, I might bring on an investor for a long term ROI deal. Let me look into the topic further and get back to you!

0 Votes
Dallas, Texas
Real Estate Deal Analysis & Advice

Post: FHA Loan On BUILDING A Fourplex

Thomas LandPosted
  • Posts 2
  • Votes 0

Hello, 

I am a Texas A&M student, soon to graduate and take a job in Dallas. I want to cut my teeth on my first real estate deal within twelve months of moving, and I am interested in starting my investment career with a fourplex. Common, I know, but the question that I can't find an answer to is whether I can purchase a $100,000, 0.5 Acre lot and build a $344,000 ($86,000 per unit) on the lot as my first homebuyer's FHA loan.

I know you can purchase a fourplex with FHA, but can you BUILD a fourplex with FHA?

0 Votes
Dallas, Texas