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Updated about 2 years ago on . Most recent reply

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Possible real estate investing scale up with house hack duplex

Posted

I want to purchase and house hack with a live in duplex. The strategy I want to go with is utilizing the FHA with its 3.5 down payment however, I am willing to put down a larger down payment.

How can I scale up and purchase a second investment property, etc once living in the duplex for one year??

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Paul De Luca
  • Real Estate Agent
  • Chicago, IL
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Paul De Luca
  • Real Estate Agent
  • Chicago, IL
Replied
Quote from @Juan David Maldonado:

I want to purchase and house hack with a live in duplex. The strategy I want to go with is utilizing the FHA with its 3.5 down payment however, I am willing to put down a larger down payment.

How can I scale up and purchase a second investment property, etc once living in the duplex for one year??


Buy the duplex using an FHA loan and just put 3.5% down. That's one of the major perks of the loan!

Save your funds for the next house hack since you'll likely need to put at least 5-10% down (Home Possible, portfolio loans, ARM loans), which is obviously much more appealing and more feasible for most people than putting 20-25% down.

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