Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 about 4 years ago on . Most recent reply

Account Closed
0
Votes |
8
Posts

Should I refi out of conventional to get another fha loan?

Account Closed
Posted

Hi there! I have a duplex I purchased in 2018 and have gained about 150k in equity. My mom moved into my unit as I live in another part of the state. I have decided I want to move back Into my favorite ski town, my mom needs this place to stay healthy. I got the first duplex with 40k down with a fha loan. I have the money to buy another with 20% down but I have gained about 150k in equity from the first one. Should I refinance into a conventional and put down 10% into the next duplex with another fha or keep the fha on the first duplex and get a conventional 20% down on the second duplex.  Priced have gone up 30% and I feel i am over paying but I could house hack for 700 a month in a pretty ok unit putting down about 90k because rates are so low and I have perfect credit. 


all advise appreciated!

Loading replies...