Every Landlord\'s Tax Deduction Guide

Here’s a real estate investment idea that’s so new that a lot of people have never even heard of it: Buying multi-unit property with an FHA reverse mortgage — living in one unit, renting out the others, and NEVER paying a dime in monthly principal or interest costs.

That’s right, FHA now permits seniors 62 years and older to purchase residential real estate using a reverse mortgage. Until recently, reverse mortgages insured by FHA were only available on homes already owned and occupied by eligible borrowers.

But since this spring, the agency has offered a new twist: You can go out and buy a house — a duplex, tri-plex, or quadruplex — using a reverse mortgage.

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