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
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
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

All Forum Posts by: Danny McGreevy

Danny McGreevy has started 7 posts and replied 21 times.

Post: FHA Loan or 20% down on fourplex, first property

Danny McGreevyPosted
  • Investor
  • NH Mass and Maine - Based in Portsmouth, NH
  • Posts 21
  • Votes 8

I am buying my first property, which is a fourplex.  It will be owner-occupied and I will be living in one unit.  

I can afford to put 20% down and get a conventional loan, but should I really be considering an FHA Loan and putting something like 5% down and using the other 15% towards procuring another investment property?

Or, would I be better off putting 20% down on this property and 20% down on my next property if I can afford it?

Is there a financially sound answer to this situation?

Thanks!