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Updated over 6 years ago on . Most recent reply

Ronald Daley's profile image
Ronald Daley's profile image
Ronald Daley
  • from Homewood, Illinois
  • Member since Sep 22, 2017
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13
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Ronald Daley's profile image
Ronald Daley's profile image
Ronald Daley
  • from Homewood, Illinois
  • Member since Sep 22, 2017
Connect
Ronald Daley
  • Homewood, IL
4
Votes |
13
Posts
Starting Out

Advice on 1st and 2nd Property Purchase

Ronald Daley
  • Homewood, IL
Posted

Hi BP Community! 

Can I purchase my 1st property with a business partner (20% down) and afterwards buy my 2nd property using a FHA loan (3.5% down)? Is this a good idea? How likely am I to be approved for a FHA loan if I already own a property?

I want to house hack my 2nd property, but I am not quite ready yet to do that. 

Thanks,

Ron

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