Hello everyone here! I just started learning real estate.

[Mariano Alegria]

My name is Mariano and I just got into real estate investing. Right now I’m reading books to further my knowledge about investing. My question right now is can you have multiple mortgages or only one at a time. Or do you have to get different loans to start investing whether it’s rental and owning a home?

[Jeff White]

@Mariano Alegria Got it, I currently house hack as well. I'm on my 4th, and about to go on my 5th in a couple of months, so it is definitely possible to have multiple mortgages. Basically for house hacking, you are purchasing a new primary residence, and you only have to live in it one year. That's the requirement.  

After that one year, you can purchase another primary residence house hack and turn the previous one into an investment property, and you can keep repeating until you just want to purchase investment properties.

On the other side, purchasing an investment property, you need to have reserves and put down 20-25% per property using conventional financing (Fannie Mae/Freddic Mac). 

For flipping houses, usually people use HELOCs (Home Equity Line of Credit) from their primary residences as down-payments along with hard money loans (10-15% interest rates) to purchase flips + rehab, and then either sell it on the open market or refinance into a conventional loan, but you need to have at least 20% equity after it is repaired.