House Hacking If I Already Have a 30yr Conventional Loan

[Mitchell Lash]

Hello BP, I currently am residing in a property I purchased last April with a 30yr conventional loan. I put down 3.5% and got a great deal on the property. Rents in my area would allow me to cashflow massively on this property if I were to rent it out. Since I already have a 30yr conventional loan, would I be able to get approved for another 30yr conventional loan with a 5%-or-less downpayment on a 3-4 unit property that I would move into and rent out the house I am currently living in?