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Updated almost 10 years ago on . Most recent reply

Derone Patterson's profile image
Derone Patterson's profile image
Derone Patterson
  • Investor
  • from Philadelphia, Pennsylvania
  • Member since Oct 21, 2013
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Derone Patterson's profile image
Derone Patterson's profile image
Derone Patterson
  • Investor
  • from Philadelphia, Pennsylvania
  • Member since Oct 21, 2013
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Derone Patterson
  • Investor
  • Philadelphia, PA
5
Votes |
65
Posts
Starting Out

Fha loans

Derone Patterson
  • Investor
  • Philadelphia, PA
Posted

Im looking to buy for first multi-family house with an FHA loan. My question is should I wait 3 to 5 more years to save up 20% downpayment or would it be a good idea start with 3.5% down? I do feel like I should put 20% down but I also don't want to wait that long. Is an FHA loan for Multi-families a good way to go? Thanks for reading this and answering my questions.

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Amanda Keller's profile image
Amanda Keller's profile image
Amanda Keller
  • sales
  • from indianapolis, Indiana
  • Member since Dec 5, 2014
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Amanda Keller's profile image
Amanda Keller's profile image
Amanda Keller
  • sales
  • from indianapolis, Indiana
  • Member since Dec 5, 2014
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Amanda Keller
  • sales
  • indianapolis, IN
12
Votes |
94
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Amanda Keller
  • sales
  • indianapolis, IN
Replied

My first home was a FHA since then I've sold that home and using the money to start my REI career

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