Quote from @Edna Mensah:
I'm a first-time investor looking to buy my second home in Dallas, preferably something I could house hack (Duplex or SFH with an ADU or anything of that sort). I'm looking to buy with a lower down payment (most likely FHA 3.5%), live in it, and rent the rest out. Are there any specific areas in Dallas I should be focusing on for these types of deals? I haven't been successful in finding any cash-flowing deals with such a low down payment in today's interest rate market.
Am I understanding correctly that you own a home that you're going to keep and live in, and are looking to purchase a property in Dallas as a "second home"?
I believe for FHA you have to have a "qualifying circumstance" in order to purchase as a "second home".
And for conventional I believe you'd have to put 10% down for a second home.
Or by "second home" did you just mean "your next home"?
