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Updated about 9 years ago,
FHA Amount
Im looking for a multi-family property and am trying to find an affordable option to purchase. After speaking with some investor friends of mine i received the advice to "Max Out" the FHA Loan because its the only shot ill have at getting a property with such little cash down. basically i could look for a Duplex at less than 300k and never have to worry about vacancies OR purchase a larger fourplex for 500k and increase the cash flow margin but have a much larger mortgage.
How wise is it to use my FHA loan for the maximum amount?