All Forum Posts by: Joshua Huss

Hi Mark! I'm a newbie myself, my wife and I are currently working on purchasing our first rental. I live in Brevard and I work in Kissimmee. Would be happy to chat and share experiences along the way. Good luck on your journey!

@Elise Marquette current primary is on a conventional 30 year. We’re looking to buy in the same county.

@Ronald Allen Barney my wording there was confusing. She was making two separate points about conventional loans and FHA loans. Conventional would require 30% down. FHA would allow for lower down payment but would not consider rents as income.

Hi all!

My wife and I are working on purchasing our first rental property. We currently own a SFR that we live in. I was thinking about purchasing a small multi-family to house hack while turning our current primary residence into a rental. My mortgage lender is telling me that we would have to put 30% down on a conventional loan to purchase a multi-family even if it will be owner occupied. She further informed me that FHA will not allow us to use our rental income on either property to qualify so our current primary residence would only increase our debt to income ratio.

I am reaching out to other lenders to see if they have products that might help. In the meantime, does anyone know if there are mortgage products that might help in this situation or other creative ideas that would allow us to keep our current property as a rental without putting down 30% on a new small multi?

Hi everyone! My name is Josh, I'm from Palm Bay, FL and am ready to get started on my real estate investing career. I have been listening to Bigger Pockets podcasts and reading books for a while now and am ready to get moving. I am seeking to purchase BRRRR properties for long term investments as well as fix and flip opportunities for additional income in Brevard County. I am commited to purchasing my first propery this year.

I look forward to connecting with the BP community!