Hey @Alex Bekeza would you know any more about this?
Congrats on the early success!
With the little that I know simply from your post I would advise you to only put down the minimum 3.5% for your primary residence. I assume this is a multifamily unit that you will be renting out portions of...
If done effectively, your tenants will pay the majority of your mortgage.
Your going to want to leverage as much money as you can for the third property (the true "investment" property in the sense that you will NEVER occupy it.
Having concurrent mortgages will not be an issue. Figure most investors don't own their primary homes out right without a mortgage. As a matter of fact, responsible history reflected in your mortgage statement will HELP you get financing for that third property.
What I can tell you is that you won't want to drop the full 10% on your FHA primary because even with your successful first deal your experience is not going to circumvent you from needing to put down 25-30%.
I work with hardmoney and private lenders who will finance investors without calculating Debt to income ratio so long as you have the right down payment and strategy.
Feel free to direct message me if you'd ever like me to shop some rates for you.
I hope this helped a little bit.
Congrats on a successful first deal! If you are looking for owner occupied for your next deal, you can consider FHA again, and possibly conventional for your investment prop.
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