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All Forum Posts by: Eric Heinen

Eric Heinen has started 1 posts and replied 33 times.

Private Lending & Conventional Mortgage Advice

Post: USDA then FHA Financing?

Eric Heinen
Pro Member
Posted
  • Fargo, ND
  • Posts 35
  • Votes 15
Originally posted by @David Wicks:

Hello everybody. So, I purchased a my first home (house hacking by the room) with USDA financing in July of last year. I am coming up on 1 year of occupancy and I want to use favorable financing to purchase a multifamily househack next (preferably a duplex, or triplex) My question is can I qualify for FHA owner occupied financing on my next purchase. I know there are rules surrounding having more than one FHA loan, but what about when you have USDA financing? Is it permitted? I look forward to hearing from you guys. Thanks

So you're able to rent out the rooms if you have a USDA loan on a property?

0 Votes
Buying & Selling Real Estate

Post: Using a USDA loan for a house hack

Eric Heinen
Pro Member
Posted
  • Fargo, ND
  • Posts 35
  • Votes 15

Great question!  Hopefully someone has answers.

0 Votes
Starting Out

Post: Overseas Professional Baseball Player 1st Rental Purchase Advice!

Eric Heinen
Pro Member
Posted
  • Fargo, ND
  • Posts 35
  • Votes 15
Definitely make sure you're getting a deal by hitting your numbers.  It doesn't have to be an out of the park type deal, a strong single would be great out the gate!  


0 Votes
North Dakota Real Estate Q&A Discussion Forum

Post: 2021 North Dakota RE Market Forecast

Eric Heinen
Pro Member
Posted
  • Fargo, ND
  • Posts 35
  • Votes 15

What is the Stanley area like up there?  

0 Votes
Off Topic

Post: BiggerPockets Fantasy Baseball League?

Eric Heinen
Pro Member
Posted
  • Fargo, ND
  • Posts 35
  • Votes 15

Anyone interested in playing in a Biggerpockets fantasy league?

0 Votes
Off Topic

Post: I don’t know what to do

Eric Heinen
Pro Member
Posted
  • Fargo, ND
  • Posts 35
  • Votes 15

Where are you looking currently?

0 Votes
Private Lending & Conventional Mortgage Advice

Post: FHA Construction Loan for a Fourplex?

Eric Heinen
Pro Member
Posted
  • Fargo, ND
  • Posts 35
  • Votes 15

I know FIG does ground up construction of fourplexes for investors, but I've never heard of anyone trying to owner occupy one of their builds with a minimal down payment. Might be worth looking into though.

https://www.fig.us/news   

0 Votes
Real Estate Deal Analysis & Advice

Post: First BRRRR Deal Fargo ND

Eric Heinen
Pro Member
Posted
  • Fargo, ND
  • Posts 35
  • Votes 15

What bank did you use for the refinance?

0 Votes
Rehabbing & House Flipping

Post: What to do with the eye-wateringly ugly fireplace?

Eric Heinen
Pro Member
Posted
  • Fargo, ND
  • Posts 35
  • Votes 15

How much does it cost to rip out a fireplace?

0 Votes
General Landlording & Rental Properties

Post: What do you think of the forum categories?

Eric Heinen
Pro Member
Posted
  • Fargo, ND
  • Posts 35
  • Votes 15

I prefer the type of forum layout where all the main categories are all on one page.

And upon clicking on a main category it opens up to the discussion of that topic. KISS method.

2 Votes