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Updated almost 10 years ago on .

Carlos C.'s profile image
Carlos C.'s profile image
Carlos C.
  • from Miami, Florida
  • Member since Apr 9, 2015
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57
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4
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Carlos C.'s profile image
Carlos C.'s profile image
Carlos C.
  • from Miami, Florida
  • Member since Apr 9, 2015
Connect
Carlos C.
  • Miami, FL
4
Votes |
57
Posts
Starting Out

20% Equity?

Carlos C.
  • Miami, FL
Posted

Hi everyone!

If I buy a SFR with FHA with a 5% or 10% down, and live in it for 1 year, can I rent it and them use rent income to qualify for a new SFR? Or do I need to have already around 20% equity on the SFR for it to count?

Thanks! :)

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