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Updated over 2 years ago,
Multiple 3.5% Down FHA Loans
Hello,
I'm currently building my education in real estate and have a growing interest in long term buy and hold rental properties. I wanted to know if it's possible to take advantage of using multiple 3.5% down FHA Loans at the same time. General research online isn't giving me a clear cut answer so I'm turning to the BP fam.
I'm very interested in starting out house hacking in duplexes, using an FHA loan. After living in the property for a year, I'd find another duplex to move into, acquiring a new FHA loan and renting out the second side of the duplex I had just been living in, thus acquiring one new property per year.
Anyone with any experience or any tips/flaws in my current plan, please reach out!! I’d love to hear from you.
Thank you.