Investor · Londonderry, NH · Member since 2015 · 163 posts · 59 votes
Hey BP! I'm in the process of getting my own property. I've already used an FHA loan in 2015 for a duplex in MA (I split that property with a partner but now am selling it)
It's been a while since I've looked into loans and downpayment options and things like that. Any advice on where I can find good information. I've added below a high level criteria in what I'm looking for.
Single Family property in NH Would like to have it livable but would like to rehab myself 1-3 years Would consider a duplex but would be similar criteria in that I'd like to rehab one unit and live in the other. Ideally no tenants right now (just want to live alone for once!)
Ideally would like to put as little down as possible to keep some capital for rehab costs
Investor · Youngstown, OH · Member since 2017 · 2k+ posts · 2k+ votes
6y
I'd go FHA again. If you're selling the first property, you'll be able to do another FHA loan. There are also exceptions for second FHA loans when your first FHA loan is in a co-owned property. Talk to some lenders.