Find a lender experienced in multi-unit FHA loans.
This is the "make or break" rule for 3 and 4-unit properties. ⚠️ The Self-Sufficiency Test buying a 4 plex with fha
Ensures the bank isn't at high risk if you lose your job. Find a lender experienced in multi-unit FHA loans
Pay lower interest than commercial loans. buying a 4 plex with fha
Factor in the 1.75% Mortgage Insurance Premium.
The home must meet strict safety and habitability standards. Property Management: Prepare to be a landlord on day one. 💡 Pro-Tips for Success
Look for "value-add" units where you can raise rents.