All Forum Posts by: Oto Tabares

@Gittel Grunstein Got it. Thanks for clarifying!

@Gittel Grunstein I can understand the general concept of leveraging the extra cash in other investments, but how could I buy other houses with 5% down each? Wouldn't they be considered investment properties and require a much higher down payments?

I've read several articles and have watched several videos about house hacking, and they all talk about using an FHA 3.5% down payment or a conventional loan 5% down payment when possible. If someone has the 20% down payment, wouldn't it be better to just go with a conventional loan and get rid of the PMI?

My wife and I are hoping to buy our first home within the next six months. We're also looking to buy our first rental property within the next year. We both have excellent credit scores. Would it be better to buy these properties together (using our combined credit scores) or for me to buy one and for her to buy the other?