Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply
FHA 3% down for first "home"...and then onto forever home?
Longtime lurker here. I love Bigger Pockets for teaching me a lot of things real estate investing related.
We are in a fortunate position to have a sizable down payment for our potential forever home. However, we also want to start our real estate investing journey. Curious to hear thoughts (criticism welcome as well) on doing the following:
- Use an FHA loan with 3% down to purchase our first home
- BRRRR the first home
- Then use a conventional loan with 10% down to purchase our second forever home
Assuming my job is stable and we purchase within our means, is there anything preventing this? Or anything I should be aware of? I think this would be a great way to get my feet wet with real estate.