How This Landlord Uses the FHA Loan for a Multifamily Starter

Most new landlords think you need 20 percent down to buy a rental property. But the FHA loan — typically associated with first-time homebuyers — lets you put as little as 3.5 percent down on a two-to-four-unit building, as long as you live in one unit. In this episode, Lucas and Luna walk through a real-world case: a duplex in Cleveland bought for $220,000 with an FHA loan, how the owner-occupancy requirement works, and what happens after one year when the owner moves out and converts the property to a pure rental. They crunch the numbers on cash flow, mortgage insurance, and why this strategy is one of the fastest ways to build a multifamily portfolio with minimal cash. Lucas also shares the catch — the property must be your primary residence for at least 12 months — and how landlords use FHA loans repeatedly via the 'streamline refinance' or by buying a new primary and renting out the old one. If you have good credit and a little patience, the FHA might be your best first deal. #FHA #Multifamily #RealEstateInvesting #RentalProperty #LowDownPayment #FirstTimeLandlord #Duplex #CashFlow #MortgageInsurance #OwnerOccupancy #FexingoBusiness #Finance #RealEstate #Investing #Podcast #BusinessPodcast #HouseHacking #Landlord Keep every episode free: buymeacoffee.com/fexingo