House Hacking Second Property While Holding On To First

[Rafael Palacios]

I live in Lancaster, CA and used an FHA first time home buyer perk to purchase my first home about 2 yrs ago at a 3.5 % down payment . After listening to bigger pockets podcasts and reading a few of Dan Turners books and forum posts on bigger pockets I learned about the house hack strategy and would like to implement it by pursuing the purchase of multi-family property with my second purchase. I'd like to ask what the best way to finance the second home would be? Considering relocation and making it the primary property was wondering if i would qualify for conventional 5% down loan or if that would be an option? If the bigger pockets universe has a better option out there I'd love to learn about it.