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Updated 10 months ago,
Getting creative with Loans
I'm a local contractor new to investing, I created a partnership with my wife's father and we are about to close on our first multi family with a conventional owner occupied loan in my father in laws name. I want to convert my current residence into a SFR and look into buying a duplex to implement house hacking and reduce monthly expenditures while also getting into another property. I'm curious what loan I should be looking into and the best way to swing this, I currently have $50,000 in equity in my house. My debt to income ratio isn't great considering my current mortgage