Tips on Removing Mortgage Insurance Premimum (MIP) on an FHA loan

[Keith Acfalle]

Hi Everyone,

I am a new investor looking to invest in real estate in the next year and have been looking into leveraging an FHA loan to minimize my initial capital invested. However, after running a cash flow analysis on various deals, I realized that the Mortgage Premium Insurance (MIP) lowers the take home cashflow.

Are there any strategies on removing the MIP expense after a certain amount of years? Any advice is greatly appreciated!