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Updated about 4 years ago on . Most recent reply

Sardar Mustafa Khan's profile image
Sardar Mustafa Khan's profile image
Sardar Mustafa Khan
  • Specialist
  • from Chicago, IL
  • Member since Jan 3, 2019
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Sardar Mustafa Khan's profile image
Sardar Mustafa Khan's profile image
Sardar Mustafa Khan
  • Specialist
  • from Chicago, IL
  • Member since Jan 3, 2019
Connect
Sardar Mustafa Khan
  • Specialist
  • Chicago, IL
9
Votes |
36
Posts
Buying & Selling Real Estate

Conventional and then doing a FHA?

Sardar Mustafa Khan
  • Specialist
  • Chicago, IL
Posted

Hi everyone, got a nice deal under contract right now (duplex, section 8, no vacancy) and was looking to finance it with a conventional loan.

I was then advised by my accountant/realtor to hold off on financing this property at all and buying it cash, since it will make it impossible for me to get an FHA loan on the 4 unit in my pipeline that I will close on this year. Is this true?

Would really appreciate any advice!

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