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Updated about 9 years ago,

User Stats

28
Posts
4
Votes
Daniel Alexander
  • Keller, TX
4
Votes |
28
Posts

Purchasing first property through FHA, how to get 2nd property?

Daniel Alexander
  • Keller, TX
Posted

I plan on purchasing my first property around May 2016. Going to use FHA loan to fund potential duplexes. I'm familiar with the basics of FHA loans in regards to investments properties, but wanted to know how easy or difficult it would be to fund a 2nd property in the same year or the next following year.

I'm trying to come up with a 5 year plan on purchasing properties through any possible vehicles (loans, investors, etc).   Have a good credit, about 12% debt using the 28% gross rule, and an annual salary of around 75K.  (i also just became a license real estate sale agent"inactive license")

Any recommendation or advice on a process that would be good to transition for purchasing a second property would be great!

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