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Updated over 7 years ago,
Help with Funding more properties
I am going to be closing on my first multi family house within the week, a 3 family. I used an FHA loan and will obviously be an owner occupant. It took me a while to find and have my offer accepted so I am looking ahead to my next properties. I'm planning on using the BRRRR system to start and I have already spoken with my mortgage broker about refinancing in 6 months. I don't have enough cash to buy a property outright in my area, Worcester, MA, so I am looking for other means or any advice anyone could offer so that I might be able to start getting on top of my next property before the 6 months is up and I refinance to a conventional loan on my current property. I am hoping to get the ball rolling and make this year a successful one. Any help would be greatly appreciated.
Chris