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Updated over 6 years ago,
Funding my 2nd MF property??? Currently own triplex with FHA.
Hello BP,
My wife and I purchased a MF property using an FHA loan (owner occupy/3.5% down) back in November 2017. We want to buy and owner occupy a second MF property this November. What type of loan/strategy would be recommended to purchase our next property?
Our realtor explained to us that we could use FHA on our 2nd home and then use a conventional with 5% down on our third....? However, after researching, and chatting with others, this does not seem like a feasible route....
We would also like to buy a 3rd MF property in November of 2019.
Any info or advice would be greatly appreciated!
Thanks!
-Sam