Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

92
Posts
34
Votes
Dan Gongora
  • Realtor
  • Saint Petersburg, FL
34
Votes |
92
Posts

CLOSED ON MY SECOND 2-UNIT PROPERTY TODAY! ELGIN IL

Dan Gongora
  • Realtor
  • Saint Petersburg, FL
Posted

Good evening BP community,

Dan here. I want to share my experience since purchasing my first property in 2014. in 2014 i purchased my first 2-unit property with $0 down by purchasing with an FHA loan and down payment assistance. i house hacked the property until i had enough equity to cash out refinance to conventional loan. Using this strategy, i just closed on my second 2-unit property using the cash out from my first purchase as down payment for an FHA loan. i will be house hacking this property as well. living in one unit and renting out the other. I will repeat this process as many times as i can. I want to give a special thank you to @Zack Karp @Chris Davis for being true experts in their trade and making this process as smooth as possible.   

Most Popular Reply

User Stats

816
Posts
758
Votes
Zack Karp
  • Lender
  • Schaumburg, IL
758
Votes |
816
Posts
Zack Karp
  • Lender
  • Schaumburg, IL
Replied

Awesome, congrats @Dan Gongora!  Thanks for the shout out, I am honored to be your mortgage guy, I wish all my clients were as awesome as you.  Man, I wish I could go back 20 years and do what you are doing now.  Too late now with the wife and kids lol.  You are setting yourself up for an amazing nest egg my friend.  Keep it up!

  • Zack Karp
  • 847-387-5513
  • Loading replies...