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Updated about 1 year ago on . Most recent reply

User Stats

118
Posts
33
Votes
Jeremy Torres
  • Rental Property Investor
  • TX (texas)
33
Votes |
118
Posts

FHa loan for a duplex

Jeremy Torres
  • Rental Property Investor
  • TX (texas)
Posted

My question is should I buy a duplex with an fha loan, live in it for a year, rent out one side and then move out and rent both? 
I feel like the rent will barely cover the mortgage and I won’t make any cash flow. 

Most Popular Reply

User Stats

427
Posts
271
Votes
Kristen L Garner
  • Lender
  • Phoenix, AZ
271
Votes |
427
Posts
Kristen L Garner
  • Lender
  • Phoenix, AZ
Replied

FHA is a great way to get a future investment property for only 3.5% down. If you were to buy the duplex right off the bat as an investment property you'd be looking at 20% down. If you'd like to DM me I'd be happy to help you run the finance numbers so you can get a good estimate on the cash flow. Best of luck!

  • Kristen L Garner
  • [email protected]
  • 213-880-0434
  • Loading replies...