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Updated over 6 years ago,
House Hack: FHA or Low-Down Conventional
Hey guys, quick question for you. I have been planning to house hack a small multi-family for quite some time now, and have a question about strategic financing.
My question is: If I only plan to live in the property one year before moving into another small multi using another low-down payment loan, are there any advantages to going with the FHA or Conventional that would be important to consider? My plan is to buy a new property and house hack it for a year, for the next 5 years (obtaining 5 properties). What I don't want to do is end up in a situation where I can't finance the next ones because I made a silly mistake from the get-go.
Thanks in advance!