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Updated about 7 years ago,
FHA or conventional options on 2nd property
Greetings BP!
I am entertaining the idea of renting out my current residence which is financed through a conventional loan. Am I able to purchase another property, ideally multifamily, through a FHA or another low percentage conventional loan? The idea is to live in one of the units in the multi-family and house hack the other units. Thank you for your time and input.
Best Regards,
Jonathan