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Updated about 8 years ago on . Most recent reply

User Stats

3
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0
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Henry K.
  • Investor
  • Redding, CA
0
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3
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Currently House Hacking looking for second property

Henry K.
  • Investor
  • Redding, CA
Posted

First time posting, but I've been house hacking/Airbnb for about 16 months. I'm looking into purchasing another property to move into and rent out my previous townhouse. Bought the townhouse with a 20% down conventional loan.

Looking for options for financing. My idea would be to possibly use a HELOC/equity loan to use as a down payment for the second property. What would be the best way to finance the second home?Would it be worth it to look into an FHA loan? Thanks guys!

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