All Forum Posts by: Patrick Ritter

@Marco Zacarias Thanks for the encouragement, Marco. Keep me posted on your own progress!

@Chris Szepessy Thanks for the breakdown on PMI. Very helpful!

First time poster here looking for advice on house hacking. My wife and I have a 3 bed/1.5 nicely updated house in a B+ location. We both make decent money at our respective jobs but we are considering selling our house so that we can owner-occupy a duplex. Our goals are straightforward: 1.) eliminate our mortgage via tenant cash flow; 2.) more quality time as a family; and 3.) save more to invest in subsequent residential multi family units to build long-term wealth and security. I’ve been reading a ton and have begun analyzing deals on a daily basis. What I need some input on is financing. Specifically FHA v. Conventional loan. Am I even eligible for an FHA loan because I’m not a “1st time home buyer” even though it would be for a primary residence? Also even if I am eligible for an FHA loan do I want it compared to a conventional 30 year? Love this site and greatly appreciate any advice! Thanks, Patrick