FHA requires 3 months of cash reserves for 3-4 unit deals.
Pay lower interest than commercial loans.
The home must meet strict safety and habitability standards. Property Management: Prepare to be a landlord on day one. 💡 Pro-Tips for Success buying a 4 plex with fha
This is the "make or break" rule for 3 and 4-unit properties. ⚠️ The Self-Sufficiency Test
Calculate the Self-Sufficiency Test before offering. FHA requires 3 months of cash reserves for 3-4 unit deals
Factor in the 1.75% Mortgage Insurance Premium.
Look for "value-add" units where you can raise rents. buying a 4 plex with fha
75% of the total estimated gross rent must exceed the full monthly mortgage payment (PITI).