How to House Hack my 2nd deal!

[Jerri Doby]

So me and my family( spouse+2 kids) are 7 months into our first house hack and we want to do our second deal next year March 2020! We bought a duplex and currently live in one unit and rent the other. We don’t have a positive cash flow right now but it does help with the mtg payment. Once we move to our next deal we should be cash flowing positive 500, hopefully. 

We utilized a fha loan this time and we want to see what other options we have or what we can do to avoid a night down payment and interest rate. Some questions I have are, when we move to our next home will the fha loan terms still be the same or will we be bumped to and investment ? What are some ways that we can get creative with financing, should we refinance and take the equity to fund the next deal ?