All Forum Posts by: Michael Iquin

@Michael Iquin yeah, once you satisfy your 12 months of occupancy then use 5% down to purchase a single family home with a conventional loan. That's the easiest, least restrictive route. If you are moving more than 100 miles away from your current FHA loan then some options open up. But if you are staying in the DFW area, just purchase a SFH and call it a day.

Also, have you been to any local meetup groups? There are quite a few in the area.

Hi! Thank you!

My wife and i are both Registered Nurses and wanting to do travel nursing in California the next year or two. So i think, best bet for us is to acquire a SFH with a mother in law suite/adu while we are still here in DFW. lastly , Can we still be qualified for another FHA if we decide to live in California and do another Duplex/ multifam?

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Hi! Thank you!

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Quote from @Ryan Thomson:

@Michael Iquin I would consider doing a 5% down single family home. You could make a second unit with a basement or a garage conversion.

Thank you for the insight.

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Hello!

New to investing. I just want to ask some advice regarding next move in acquiring my 2nd rental property (Occupied). Preferably another Duplex and wants to take advantage of low down-payment options.

Situation: Currently house-hacking a duplex. used FHA loan. We have been living here for about 6 months now.

My LTV is is 87%.

Cash on hand 50k.

We have a 720+ credit score. Stable W-2 JOB.

I appreciate any input. Thanks!

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Hello! I'm also a kabayan BP member!

Currently living here n Grand Junction Colorado.

Would love to connect with you all!

MICHAEL IQUIN

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All Forum Posts by: Michael Iquin

Michael Iquin has started 1 posts and replied 5 times.

Post: Buying my 2nd Rental Property

Post: Buying my 2nd Rental Property

Post: Buying my 2nd Rental Property

Post: Buying my 2nd Rental Property

Post: Filipino Real estate investors