All Forum Posts by: Martha Lowry

My husband and I bought a duplex a little over a year ago with an FHA loan and a 3.5% down payment. We are itching to buy another multifamily property as soon as possible. I am starting to think about refinancing our mortgage into a 5% Conventional loan with the hopes of then purchasing another property with a new FHA loan. Does this seem like too risky of a plan? Both properties would be in our names and not in an LLC. What are things we should be thinking about when possibly taking on the liability of two rental properties ourselves?

Thanks in advance for helping us think through this!