Low Downpayment Loan

[Juan Lopez]

Hello all:

Question. If I currently own two properties that I rent out and I used conventional loans to buy them, could I still use an FHA loan or any other low down payment loan to get a property for house hacking?

Thanks

[Chris Mason]

Yup, FHA loans are not just for FTHB.

I have several clients that buy a new single family house every year, putting 5% to 10% down, converting the old one to a rental. Trying to stack multifamily onto this strategy tends to complicate things and not work out due to various lending rules, but SFR you can do it all day.