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Updated almost 7 years ago on . Most recent reply

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David Hussa
  • Sterling, VA
1
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4
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Buying A Second Home

David Hussa
  • Sterling, VA
Posted

Hi all,

I am very new to REI and would love some guidance. A little bit about me: I graduated a little over a year ago and recently purchased my first home to house hack (I currently live there). I used an FHA loan with 3.5% down and have renters covering the full mortgage.

I am curious on where to go from here. Is there a way to apply for another FHA loan (with only 3.5% down) if I want to move into a new house and keep my current one as a rental? Or will I just have to save for a 10-20% down payment for my next investment? Looking for other options/ideas as well.

Thanks,

Dave

Most Popular Reply

User Stats

4
Posts
1
Votes
David Hussa
  • Sterling, VA
1
Votes |
4
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David Hussa
  • Sterling, VA
Replied

Thanks for the replies! @Corby Goade @Jaron Walling

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