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Updated over 8 years ago on . Most recent reply

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14
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Judah Farkas
  • Investor
  • Lakewood, NJ
3
Votes |
14
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FHA Loan

Judah Farkas
  • Investor
  • Lakewood, NJ
Posted

For the first house I bought, I used an FHA loan which I only needed 3.5% down to purchase my home.

Is there such a thing as getting such a loan for RE investing? I'm under the assumption that the deal is for first time home buyers only. 

Thanks 

Most Popular Reply

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13
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4
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Dustin DeBoer
  • Rental Property Investor
  • CT - RI
4
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13
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Dustin DeBoer
  • Rental Property Investor
  • CT - RI
Replied

thank you for that info. I will look into that. I met someone who said they transferred ownership of the property into a LLC that they owned. It in that case they still owned that FHA loan. I believe they must have re-financed the loan into a different type of loan which allowed them to re-apply for FHA after a certain period of time? Just throwing what I heard out there to see if you have heard similar or not..

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