All Forum Posts by: Tanner Hargis

Thanks to all for the help. Everyone of you has given me great value to actually go over and think of the best options. David I will reach out to you and go over what would be best. Thanks again everybody and hope this helps out other people in the future!

That makes a lot of sense. I follow your thought logic. I hope it works out for you. Thank you for the information. Good to know these things and be able to reach a better decision about this. 

Thank you to everyone who has give there feedback. It is much appreciated. The down payment for us is a problem. We figured we could get an FHA loan because it only requires the 3.5%. A lot better than 10%. Although, I have read that Wells Fargo might have something different. We live in the Central Valley and although we could search for a multiplex it's just not a common thing out here. It's mostly houses and condos.

Hi everyone! I've read good information on here about FHA loans and Im trying my best to learn as I'm new to this world.

My wife and I want to start on our investing careers. My wife has never bought a house and we thought it would be best to use an FHA loan under her name. We would of course live in the house for the required time of 1 year most likely longer. My question is after a year or two can we just go ahead and rent it out? Would we have to refinance to a conventional loan for this to happen? We were thinking it would be best to buy a house in a good neighborhood for a good price and fix it up and eventually rent it out. If we could pull money out of it to do another property on a conventional loan that would be great as well.

Any thoughts or comments to make sure we are at least on the right thought process and path would greatly be appreciated, thank you.