All Forum Posts by: Kristopher Tursky

@James Marshall I will ask my lender about that option. I doubt I qualify, but always worth and ask and he may have other options. Thank you!

@Cameron Tope I would have assumed you could refinance and remove PMI on any loan so thank you for that! I will make sure to understand the terms of the loan and get started! Thanks

I am looking at a 4 bedroom home in a great area that can be easily converted to a duplex. I plan to live in the home, rent my other room and the other half of the house. I do not have enough cash to put down 20%. I currently have commercial real estate but this will be my first residential purchase. Have any of you used FHA Loans for your first purchase to avoid the down payment? What was your experience? I have been given advice personally not to utilize this kind of loan but if the property cash flows does it matter?

Thank you!