Hello,I was wondering can you purchase a mutifamily home (duplex, triplex or quad) as an owner occupant residence with a USDA home loan?

I purchased my primary residence in Tennessee in March 2024.

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

I’m looking to purchase my first multi family home in the city of Colombus and am looking for the hard numbers, metrics I should be on the lookout for, and sample properties to get my hands wet as far as what’s considered a good deal and area to invest in.

Banks won't usually touch it even if buyer is qualified to purchase, banks don't like to finance small purchases, most have minimum amount they will finance (around 100K or higher).

Purchase price: $747,500 Cash invested: $130,000 Back in 2021 I jumped on a duplex that has 4BR/3BA on each side and is walkable to The BeltLine (an area popular with ATL's younger community).

Negotiate longer lease period with purchase option. 

when you purchase a property, there are closing costs on top of the purchase price, and closing costs can be substantial - especially if there are points on the loan. 

Purchase price: $237,000 Cash invested: $11,850 Converted my primary residence to a Cash-Flowing Rental Property to a Section 8 Long-Term Tenant in a Class B neighborhood.Purchase in Sept 2019 Purchase price: $237,000Cash invested: $8,900Converted the Game room and Office room to a standard bedroom to make it a 6-bedroom 3.5 bath which increased the monthly rent from $2,400 to $3,215.

Can’t be purchased for your primary home.