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Auston Foster has started 1 posts and replied 3 times.

Quote from @Tanner Lewis:

If you are locked in at a three-handle, I would HELOC the equity and use it as a down payment on a new deal. If you have not already used it, you can do an FHA loan with 3.5% down and buy up to 4 units. You must house hack for a year before entering a new primary residence.

Already used FHA 4 years ago on my current residence. I plan to buy my next property as a primary residence for my family of 4 for the next 3 - 10 years. Can I do another FHA loan or is that a one time thing?

0 Votes

Tulsa, Oklahoma

Quote from @Tanner Lewis:

If you are locked in at a three-handle, I would HELOC the equity and use it as a down payment on a new deal. If you have not already used it, you can do an FHA loan with 3.5% down and buy up to 4 units. You must house hack for a year before entering a new primary residence.

Already used FHA 4 years ago on my current residence. I plan to buy my next property as a primary residence for my family of 4 for the next 3 - 10 years. Can I do another FHA loan or is that a one time thing?

0 Votes

Tulsa, Oklahoma

I am 25 and make 100k a year. Looking to buy a bigger house and keep my current as a rental to start building a portfolio. I have about 60K in equity, minimal cash on hand, 3.5% intrest on the current house, and live in Tulsa OK area. What should I plan for to get started? Any suggestions on lending? Do I need to wait another year and save $10,000 cash in hand. Not sure where to even start.

1 Vote

Tulsa, Oklahoma