Conventional Mortgage Options When Not Occupying the Property?
Hello everyone! I was wondering how fellow investors fully utilize the cap of 10 conventional mortgages when 9 of them may all be strictly investment properties? If I understand correctly, using any type of FHA loan requires residency and I was wondering how you all get around that. My wife and I are currently in the process of closing on a 203k loan for a duplex with which will be house hacking. Another great deal popped up on the MLS and I was wondering how I could get a conventional loan to purchase it without meeting the FHAs residency requirement? I really like Lima 1 Capital and their structure for purchasing residential properties but I obviously want to try to avoid using hard money as long as possible. Any assistance and time will be greatly appreciated. Thank you in advance.