Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

40
Posts
2
Votes
Brittany Fife
  • Andover, NH
2
Votes |
40
Posts

What is the next step?

Brittany Fife
  • Andover, NH
Posted
I am under contract for my first duplex. I own a single family home right now. The loan for the duplex is FHA with 3.5% down. I am wondering when I would be able to purchase another multifamily. People say you can't have two FHA loans with 3.5% down. I wanted to get the ball rolling faster than this. I see now, when I am two weeks away from the closing, that I could have bought a 4plex instead of a duplex and be making more money. Everyone says that it's good to start off slow in real estate in case I get a tenant that doesn't pay and then I can afford my bills but I feel like this will be slowing my progress and then I feel like it would take three years to buy another house. I was hoping for the turnaround to be quicker. What should I do? Can I get out of the duplex deal and pursue a 4plex or should I just stick it out and wait until I have enough equity and then get a 4plex.

Loading replies...