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Updated over 9 years ago,
House hacking second home?
Hey everyone!
I current live in Brooklyn. I have a 30 year note in my apartment that I just refinanced. I'd like to get started with multi units to buy and hold in western Massachusetts, where I grew up. I would keep a small unit there for myself. I love the idea of house hacking. My questions are:
Can I get a low downpayment FHA loan on a second building even if I own my apartment in Brooklyn?
Are vacation homes loans something I should look at? Someone off line was saying that's a good way to house hack in my situation.
If I do either of these or a personal mortgage how would I get a building in my name into a LLC as I grow more properties?
Thanks for any advice...