All Forum Posts by: Tom Hastert

good job. How does the refinance give you $20k out?  What is it renting out for? Was this a live in rehab and what were the repairs for the 13-15K, and how long did the repairs take.  Did you use a local lender?  

That was a good strategy finding one so long on the market that you were to discount that price that much!  Was there no realtor?  Does Zillow have FSBOs?

How do you buy the second duplex after 1-2 years if you bought the first duplex (and lived in one side) with FHA and FHA only allows one FHA? Does conventional loans allow the same low down for an owner occupant of a duplex?

I want to make sure I have my strategy down now for my second duplex househack before I buy my first duplex househack.

Anyone?

• I want to househack a 2 or 3 plex. Most say use FHA, but you can only have one FHA at a time so I would have to refi it off when I buy my second small plex.  This is another expense to save up for.
•  I want to figure out my 2nd purchase at the time I do this first one. I heard conventional financing will also allow owner purchase on 2-4plexes. 
• why not get the conventional loan instead of FHA, don't they allow more than one loan and also low down for owner occupants, then I won' have to refi off the FHA?

  8:27 PM

where is July 26th meeting to be?