Financing in my second property

[Kevin Korntved]

Hi, So I purchase my first duplex by putting 5% down on a WHEDA loan and househacking in September 2017.  I would like to purchase more properties but my financing requires me to live in the property during the duration of the loan.  What should I consider doing next? Purchasing my next property with 20% down or refinancing my current property and moving into the next property to receive better financing terms.  What are the typical seasoning periods and what should I expect for fees.  I am doing this in Milwaukee Wisconsin.

[Marcus Auerbach]

@Kevin Korntved - househack again, no question about it. It is the single best way to get a portfolio started. Refi out of the Wheda loan, and then buy #2 again with owner occupant low down loan and move in. BTW I could have referred you to a lender that does 5% down conventional. Chances are that will appraise a bit better than last year, especially if you have done some work. PM me for details.