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90
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Bryan Cavellier
  • Rental Property Investor
  • Syracuse, NY
34
Votes |
90
Posts

Looking for my SECOND deal, but what should it be?

Bryan Cavellier
  • Rental Property Investor
  • Syracuse, NY
Posted

I currently am house hacking a duplex with an FHA loan. I did not BRRR this deal so refianancing out and using an FHA again is not an option at the moment. I do not have 15-20% for a downpayment to traditionally buy another unit. So my question is, do I buy a SFH (owner occupy loan at 5%) or save up for another MFH to put down 15-20%. Obviously the MFH is going to take about another year or two to save up for where as the SFH should only be another 6 months of savings. Any opinions either way on my next steps or any low money down ways to get a MFH? Thanks as usual BP!!!

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