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Living "Rent Free" in America
Living "Rent Free" in AmericaAmerican's bred and born in America are less apt to see the potential for the FHA 203k to build wealth, but foreign born Americans see it right now and access this powerful strategy to get established and make money in America.
In the mid to late 1990's it was the Hispanic immigrants that were taking advantage of the FHA 203k program by the hundreds if not thousands. They would purchase a four unit  building and rent out the other units to family members and know they were going to get their rent every month, then we saw many numbers of our Asian brothers and sisters doing the same thing, and now we are seeing it with immigrants from the middle east and the Hispanic community is doing it all over again.
This is a unique way to get one family established in America, rent out two units which typically can cover the mortgage payment if you do it right, you live rent free in one unit and the forth unit brings in the groceries. 
Realtors who are catering to this client base should be on the lookout for mixed use buildings with three and four flats over a store or ... more

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