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 7 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Krys L Burke
  • Albany , NY
1
Votes |
10
Posts

Closed our first deal

Krys L Burke
  • Albany , NY
Posted

Hey guys! Excited to say that we just closed our first deal on a duplex, yesterday. 

75k total loan. FHA. $850 /mo mortgage with P&I + escrow.

We will be house hacking.

I need help with the following: 

We want to buy another ASAP. we have nearly 10k cash left over, and no rehab is needed currently (bought off a flipper, newly rehabbed). 

Do I rush to be able to refinance out of the FHA, then get another? Or go the rehab route (really like this idea) and buy one to fix up?

Or is there another way I'm missing? 

Just want the fastest way to get into our second investment. I'm addicted already. 

Loading replies...