How to finance the next multi

[Jeff Puciato]

Looking for insight from investor community. Thank you all for responses 

Looking to finance my 3rd investment property. 1st deal was conventional. 2nd was fha house hack. Looking for options on 3rd. My thoughts below 

Option 1, buy small multi with another conventional 20% down 

Option 2 (will it work?) refinance after 12 months of my house hack from my fha into a conventional (I’ll have 20% forced equity in the deal by 1 year mark) and then buy another house hack with another fha loan 

thanks feel free to DM me 

[Jeff Puciato]

Quote from @Jared Rine:

@Jeff Puciato..might be worth looking into a DSCR loan, depending on how many units you're buying and if you're okay buying for investment vs living in one the units (if 4 units or less). I've done investment/DSCR deals in New Haven, CT and the market is great from the little I know about it. OR you could call around to local banks/CU's and ask how they underwrite. Sometimes banks might collect a full document package, but really when it comes down to it, are only underwriting the property (if you're buying for investment). I have had this happen also with other clients - where we HAVE to collect everything more for a compliance edge vs. your personal income actually taken into account. Just my $0.02

Thank you for the input. I do like DSCR loans and will look into it further