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Updated about 3 years ago,

User Stats

11
Posts
5
Votes
Jenna Mayeres
  • Realtor
  • Shadyside, OH
5
Votes |
11
Posts

Share how you financed your first 5 (or more) properties.

Jenna Mayeres
  • Realtor
  • Shadyside, OH
Posted

Would love to hear your specific experience financing your first 5 properties. My fiance and I just purchased our first property (2 units) with an FHA loan and we are house hacking for the minimum required owner occupancy. We put him on the loan alone so that I could also qualify for an FHA loan once I file 2021 taxes and have 2 full years of income from my W2. I'm now a licensed Realtor but I'm keeping my W2 job just to have the income on paper for another purchase. Thinking about purchasing another duplex this winter with 25% down? Would love to hear your story and I'm open to any advice. Here are a few goals of ours:

- 3 more purchases in 2022

- a more permanent primary residence in the next 2 years

- out of state Airbnb property in the next 2-3 years

- considering short term flips (he is a carpenter) for quick profit to reinvest but our primary goal is buy and hold. Turnkey or BRRRR

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