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Updated over 8 years ago,

User Stats

36
Posts
8
Votes
Tony Gallina
  • Commercial Real Estate Broker
  • Bellingham, WA
8
Votes |
36
Posts

Low-no money down payment start out stratagies

Tony Gallina
  • Commercial Real Estate Broker
  • Bellingham, WA
Posted

Good Day!

Helping out other people while passing on your knowledge brings great satisfaction.

What are the arguments For OR Against:

1) saving $30K over two years to put down for a FHA loan on a four unit then moving into it (HouseHacking)

Or

2) Getting a single family home using an USDA loan with down payment assistance. 

Create equity over a year or so then get a HELOC against that property.

Use that HELOC to purchase a fourplex with a FHA loan and then move into the fourplex.

House Hacking the 4plex as well as renting out the single family that you originally bought with the USDA.

I knew i had to ask this question to the bigger pockets community!

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