House Hacking and Creative investing

[Sherfeng Vue]

I am new to real estate investing. I was wondering how would you continue to house hack after house hack with low money down? Also, what are your favorite creative investing ideas with low to no money down? Any strategy and tips would be great. Thanks.

[Bo S.]

Originally posted by @Sherfeng Vue:

Thanks for the information. I did buy a duplex about a year and half ago with an FHA loan.I am aware that you can only have 1 active FHA loan at a time. So, how would you go about buying another property to house hack with low money down after already using an FHA loan?

If you've met the FHA minimum owner occupancy time requirement, then you can:

1. Refinance your FHA loan into a conventional traditional owner occupied mortgage. However, you'd have to live there for an additional 6months (verify with your lender).

2. Refinance your FHA loan into a conventional investment property (NOO) loan. It'll have less attractive terms and rates, but you don't have to wait that 6months.

3. Sell the duplex. 

-Bo