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Updated almost 6 years ago on . Most recent reply

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