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All Forum Posts by: Ethan L Smith

Ethan L Smith has started 2 posts and replied 2 times.

I am in the process of closing on my first multifamily property and I used an FHA loan. Is it possible for me to buy a single family property in another location using an owner occupied conventional loan, while I still have an FHA loan on the other property? Or would I have to classify this single family as an investment?

I am new to real estate investing and looking to buy my first property which will be a multifamily 3 unit home. I plan on using an FHA loan which will give me a 96.5% LTV. I am curious if this will work with the BRRRR method when I go to refinance the property down the road. Any advice would be very much appreciated.