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Updated about 8 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Fargo, North Dakota
  • Member since Feb 20, 2017
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Fargo, North Dakota
  • Member since Feb 20, 2017
Connect
Account Closed
  • Fargo, ND
15
Votes |
29
Posts
Starting Out

First time homeowner & investor

Account Closed
  • Fargo, ND
Posted

I have currently put out a few offers on my first home and have a few questions on financing in the future. My intent is to rehab it while I live there then rent it and refinance it and move on to another. The problem I have though is that I can only put 3% down on my first home and after talking to a few underwriters It sounds like it would be extremely difficult to get approved for another loan within a year. How would you guys handle it?

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