Should I Use first time home buyer down payment assistance

[Christopher Anello]

I am looking for my first investment of a duplex which I'll be house hacking but taking the BRRRR route. I've been doing some research and found I may very well be eligible for "down payment assistance". If I'm understanding it correctly, the assistance is an interest free second mortgage loan and with certain requirements I can potentially receive the max amount of $14,999. The only draw back is if I sell the property (which I don't intend to), refinance, or no longer occupy the property (which I intend to refinance, hopefully pulling out enough equity in 2-3 years to put down for another house hack) the second mortgage will become due. If I receive the assistance, any money I pull out will go towards that second mortgage. Although I plan to stay in the property for at least 2-3 years, does it still make financial sense to use the assistance? With occupying the one unit myself, I feel it'll be slim to nothing for cashflow. I already have enough for a 3.5% down payment with the FHA loan. What do you guys think? Smart route to use the assistance? Any feedback is greatly appreciated!

[Christopher Anello]

Billie Miller That's a good idea, I will definitely run both scenarios. You're right things can go south real quick if I can't cover the costs. I will have to be critical on my due diligence and negotiate on everything. Thank you for your advice.