CLOSED ON MY SECOND 2-UNIT PROPERTY TODAY! ELGIN IL
Good evening BP community,
Dan here. I want to share my experience since purchasing my first property in 2014. in 2014 i purchased my first 2-unit property with $0 down by purchasing with an FHA loan and down payment assistance. i house hacked the property until i had enough equity to cash out refinance to conventional loan. Using this strategy, i just closed on my second 2-unit property using the cash out from my first purchase as down payment for an FHA loan. i will be house hacking this property as well. living in one unit and renting out the other. I will repeat this process as many times as i can. I want to give a special thank you to @Zack Karp @Chris Davis for being true experts in their trade and making this process as smooth as possible.
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Awesome, congrats @Dan Gongora! Thanks for the shout out, I am honored to be your mortgage guy, I wish all my clients were as awesome as you. Man, I wish I could go back 20 years and do what you are doing now. Too late now with the wife and kids lol. You are setting yourself up for an amazing nest egg my friend. Keep it up!