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Updated about 10 years ago on . Most recent reply

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243
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Justen Ashcraft
  • Braselton, GA
57
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243
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FHA loan on triplex, how to leverage?

Justen Ashcraft
  • Braselton, GA
Posted

Just over a year ago I purchased a triplex and fixed up and moved into the lower unit. After a year, I moved back in with my wife at her house. She owned it before we had met. I have an FHA mortgage, and would like to know if/how I can use this property as leverage against another. Is it possible? I understand a HELOC is out of the question, because its not my primary. Are there any other ways to leverage an investment property? I haven't gotten a new appraisal as of yet, and won't if its not worth it. Thanks.

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