75% of the total estimated gross rent must exceed the full monthly mortgage payment (PITI).
For 3-4 unit properties, the FHA requires the property to pay for itself. buying a 4 plex with fha
Look for "value-add" units where you can raise rents. 75% of the total estimated gross rent must
Pay lower interest than commercial loans. Pay lower interest than commercial loans
Factor in the 1.75% Mortgage Insurance Premium.
Buying a fourplex with an FHA loan is one of the most powerful "house hacking" strategies available. It allows you to become a landlord with a minimal down payment while using rental income to qualify for the mortgage. 🔑 The Core Benefits Only 3.5% down required. Income Counting: Use 75% of future rent to qualify.
The home must meet strict safety and habitability standards. Property Management: Prepare to be a landlord on day one. 💡 Pro-Tips for Success