All Forum Posts by: Christopher Ruzicka

When starting out in the real estate industry is it advantageous to buy a 2 unit duplex with an FHA loan or owner's occupancy loan at 3.5% down, rent out the other unit and live there for a year? Or can you go straight into buying a SFR home with no experience at 15%-25% down? I have read somewhere that I have to provide at least two years of experience whether it be landlording, owning a home, or being a realtor. Is this true? Also when I am trying to make my first purchase on a home what things do I need to have regarding tax history, credit check and background check in order to complete the sale?

I'm assuming a conventional loan is used when first obtaining the property then once you rehab and rent it out what type of loan is used for refinance? So there's essentially two loans taken out for one property?