It's a very common misconception but you can have other properties and still buy a primary residence FHA.

So far from what I've seen, it had to have been his primary residence for that to have worked.

A minimum down payment (less than 20% down) mortgage is structured as your primary residence.

That is how a great number of ma and pa landlords cashflow, they bought a primary residence a decade ago and now they can rent it out and cashflow nicely.  

My Goal: - Purchase a Multi family house in the DC area (inside of DC or in Virginia or Maryland) My Situation:- I own a Single Family Home, which is my primary residence, that I purchased in 2016.

We are looking to upgrade our primary residence (and our investment property).

Tell them upfront it's a rental property and not your primary residence, and you won't get your time wasted.

We are lucky to have pretty good equity positions in our 4plex and primary, 1 of 2 VA loans available, and a fairly diverse set of retirement supports (3 years from drawing military pension, mutual funds/TSP/ROTH  savings, and our 4plex).The problems I am trying to solve: I need some help to figure out a long term financing strategy to maximize the assets I have to buy more MF properties over the next 3-5 years while I have my W2 income.

The points cost is often not worth the lessened down payment.Would you consider buying a duplex, or 3 or 4 unit, and occupying one of the units as your primary residence?

Hey there, I've lived in my current primary residence for the last 26 months in a row.