I also want to purchase a home fha 5% Down for me and wife with newborn on Way, I can’t find duplex at good price that I’m willing to live in so may have to get a single house!

I also want to purchase a home fha 5% Down for me and wife with newborn on Way, I can’t find duplex at good price that I’m willing to live in so may have to get a single house!

I also want to purchase a home fha 5% Down for me and wife with newborn on Way, I can’t find duplex at good price that I’m willing to live in so may have to get a single house!

I used a portfolio lender and bought a duplex near my hometown without any issues as a rental property, and I am now looking for another one.

Last year, we purchased a very nice 9 unit portfolio from an elderly couple (fourplex, triplex and duplex).

I saw a duplex that I wanted more information on so I sent an email.  

Hello all- new here to posting on the forum but have been following and reading up the past few months and had a quick clarification question on private money loans and refinancing with BRRRR.I would just like to make sure I am thinking about this situation correctly.Let's say I were to buy a duplex for $80,000 that needed $20,000 in rehab that would put the ARV around $120,000 and was able to obtain a private money loan for the $100,000 at 10% interest could I then rent out one side of the duplex, move into the other side and refinance after a 12 month seasoning period?

I tried to buy one condo as a rental property with a loan from with Chase recently, but Chase declined my loan at the last moment since investor owner ratio is slight above 50%. 

There are plenty of duplexes and 2/1's in older neighborhoods that you could put some sweat equity into in the next couple years and turn a nice profit.

I'm looking at SFH or perhaps a duplex to get my feet wet.