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Updated 8 months ago,
Needing loan advice for Owner Occupy
Hi everyone. My husband and I are very new to the real estate world. We purchased our first duplex last year and we are currently house-hacking it. We used an FHA loan for the low down payment option. We want to start looking for another duplex but need advice on what to do. Are we able to use an FHA loan again for our second property? Do we need to refinance the first duplex into a conventional loan before purchasing our second property? We want to live in the next property and fully rent our first duplex. Thanks for any advice or suggestions!