All Forum Posts by: Leah Paffrath

I plan to buy my first REI next year with an FHA/conventional loan, in the 300k range. Not sure if this will be a single family or a multifamily, but I plan on living there.....unless I move in with my significant other.

I am worried that this will throw a wrench in my plans as far as financing goes. He recently bought a house and if I moved in I would plan on paying rent. I already pay rent right now for an apartment, so that would not be a change in my finances. But if I were to buy a house with an FHA in the same time period as moving in with him, would that be possible/what other financing options would you consider? Could I put 5% down for a conventional loan, even though I would plan on using it as a rental property?