Buying Investment Properties with 203k Loans
In order to purchase a property with an FHA 203k loan, you will need to live in it. However, that doesn’t mean that you can’t make money off of the property. For example, if you use the loan to buy a property with 2, 3, or 4 units and live in one unit, you can rent the other 1-3 units out to tenants. This is a great way to build equity in your home while enjoying the income-producing benefits of owning an investment property.