Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
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 over 7 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Casey Martin
  • Owatonna, MN
3
Votes |
11
Posts

Owner Occupied question

Casey Martin
  • Owatonna, MN
Posted
Hi, I am looking at ways to acquire rental property. I have a current home which I have lived in for 2 years with an FHA loan. I am wondering if I could move to a different home in the same area and acquire a “normal” mortgage for 5% down or so, live in it for a couple of years then do the same thing one more time.... ending with 2 rental properties and a home for myself. Would this be a way to avoid putting 20% down on an investment property? Are there any downsides to this if it can be done? Thank you for your help!

Most Popular Reply

User Stats

1,152
Posts
378
Votes
Melvin List
  • Lender
  • Tampa, FL
378
Votes |
1,152
Posts
Melvin List
  • Lender
  • Tampa, FL
Replied

@Casey Martin If you plan on occupying the property then 5% down is an option.  

  • Melvin List
business profile image
C2 Financial

Loading replies...