Updated almost 8 years ago on . Most recent reply
Closed our first deal
Hey guys! Excited to say that we just closed our first deal on a duplex, yesterday.
75k total loan. FHA. $850 /mo mortgage with P&I + escrow.
We will be house hacking.
I need help with the following:
We want to buy another ASAP. we have nearly 10k cash left over, and no rehab is needed currently (bought off a flipper, newly rehabbed).
Do I rush to be able to refinance out of the FHA, then get another? Or go the rehab route (really like this idea) and buy one to fix up?
Or is there another way I'm missing?
Just want the fastest way to get into our second investment. I'm addicted already.