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Updated about 9 years ago on . Most recent reply

Judah Farkas's profile image
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Judah Farkas
  • Investor
  • from Lakewood, New Jersey
  • Member since Apr 18, 2016

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Judah Farkas's profile image
Judah Farkas's profile image
Judah Farkas
  • Investor
  • from Lakewood, New Jersey
  • Member since Apr 18, 2016
Judah Farkas
  • Investor
  • Lakewood, NJ
3
Votes |
14
Posts
Creative Real Estate Financing

FHA Loan

Judah Farkas
  • Investor
  • Lakewood, NJ
Posted

For the first house I bought, I used an FHA loan which I only needed 3.5% down to purchase my home.

Is there such a thing as getting such a loan for RE investing? I'm under the assumption that the deal is for first time home buyers only. 

Thanks 

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Dustin DeBoer's profile image
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Dustin DeBoer
  • Rental Property Investor
  • from CT - RI
  • Member since Jun 17, 2016

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Dustin DeBoer
  • Rental Property Investor
  • from CT - RI
  • Member since Jun 17, 2016
Dustin DeBoer
  • Rental Property Investor
  • CT - RI
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Dustin DeBoer
  • Rental Property Investor
  • CT - RI
Replied

thank you for that info. I will look into that. I met someone who said they transferred ownership of the property into a LLC that they owned. It in that case they still owned that FHA loan. I believe they must have re-financed the loan into a different type of loan which allowed them to re-apply for FHA after a certain period of time? Just throwing what I heard out there to see if you have heard similar or not..

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