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Updated over 6 years ago,

User Stats

35
Posts
8
Votes
Samuel J Claeson
  • Rental Property Investor
  • Saint Paul, MN
8
Votes |
35
Posts

Funding my 2nd MF property??? Currently own triplex with FHA.

Samuel J Claeson
  • Rental Property Investor
  • Saint Paul, MN
Posted

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

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