Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago,

User Stats

9
Posts
6
Votes
Brad Reiner
Pro Member
6
Votes |
9
Posts

First FHA loan Duplex Hack - what’s next?

Brad Reiner
Pro Member
Posted

Hello,

I finally purchased my first duplex using a 3.5% down FHA loan. I'll be living in one unit, having a roommate paying me rent in my personal unit, and also renting out the other unit. I'll be profiting a few hundred dollars after paying the entirety of the house payment and when I eventually move out in a year, the property should cash flow nicely with both units rented out.

I'm curious for ideas on how to acquire my next house hack with as little money down as I can get away with since the goal is to buy a property a year from closing on this duplex I just purchased. I believe I could purchase an owner occupier single family home for 5% down and just get a bunch of roommates. I'm thinking anything multi family will require a minimum of 15% down. Not sure if 203k loans are considered FHA loans since I know they're intertwined, but if they're not, that could be a great option. Any ideas I'm missing? Curious what others have done in similar situations.

  • Brad Reiner
  • Loading replies...