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Updated over 9 years ago on . Most recent reply

FHA Loan to Minimize Personal Capital in House Hack - Thoughts?
Hello all,
I am currently researching properties for my first rental. I know I'm going to do a house hack and have been contemplating ways to reduce my initial capital as much as possible, as I have next to nothing available anyway.
I'm thinking of doing an FHA loan with 2.5% down and down payment assistance to cover that down payment. Has anyone had experience with this or have thoughts?
Thanks everyone!
Most Popular Reply
It's absolutely the best way to go. If I knew what I know now, back then, I'd house hack like crazy. Talk about building wealth for virtually nothing and living for free for as long as you can! Ask @Brandon Turner...I think he would approve...he's kinda obsessed.