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Updated over 9 years ago on . Most recent reply

Alexander Romanov's profile image
Alexander Romanov's profile image
Alexander Romanov
  • Investor
  • from Bothell, Washington
  • Member since Jan 18, 2015
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Alexander Romanov's profile image
Alexander Romanov's profile image
Alexander Romanov
  • Investor
  • from Bothell, Washington
  • Member since Jan 18, 2015
Connect
Alexander Romanov
  • Investor
  • Bothell, WA
2
Votes |
29
Posts
Private Lending & Conventional Mortgage Advice

Scenario question: 4Plex bought with FHA 3.5% DP next step

Alexander Romanov
  • Investor
  • Bothell, WA
Posted

Hello,

About 8 months ago I purchased my first 4plex using an FHA 3.5% downpayment loan. I am eager to purchase my second 4plex with the same FHA 3.5% DP loan; however, to do so I need to refinance the first loan. I currently have about 5% equity in the property and don't have additional funds to purchase more equity, what are my options?

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