I have found a few duplex properties that would be great house hacking opportunities. The issue comes because of mortgage insurance being required on an FHA loan (3.5% down). Is there any way to get around mortgage insurance? It is the only thing stopping me from receiving positive cashflow while still living in the property.
@Tyler Puzio No you have to pay MIP life of the loan with 3.50% down payment. If its your first property try Home Possible if that works for you.
@Harjeet Bhatti Thank you, I’ll be sure to check it out.