FHA-Financed Duplex is the IDEAL First Investment Property (House Hacking) Posted on April 2, 2019 chicago hotels dallas hotels Duplex FHAFinanced HACKING hotels hotels in chicago hotels in florida hotels in las vegas house ideal investment las vegas hotels private jet Property rental property travel travel vlog vacation 23 thoughts on “FHA-Financed Duplex is the IDEAL First Investment Property (House Hacking)” Make a video on FINDING duplexes in DECENT neighborhoods! 💡 Reply How do you protect your assets??? You cant use a LLC for a fha loan……….. Reply Awesome sauce Reply I just barely closed on my first property and it is an fha financed duplex. Probably one of the more difficult logistics was finding one for sale (for a good deal in a good location) that had a month-to-month renter since FHA requires you to move in within 60 days. Reply Great strategy! I have been saving up and plan on using this strategy since I live in LA. Reply This is what I did … and I am now closing on my second property. I have 2 houses and living for free … thank you BiggerPockets 👍🏻 Reply That's how I got started and now that one property cash flows $1,500.00 a month Reply How many time can I refinance and buy another fha property? Reply Is this still viable? Every lender I have talked to has now said that you need 15% down when buying a duplex using FHA? Reply I was told that since my credit is about 760 it would be better to go with a conventional. What do you think? Reply Available in Canada?? Reply GREAT! this video was quick and informative 10/10 Reply 1. What happens if you don't stay for the 1 year requirement? 2. Should you cash refinance the property after 1 year and use the cash for a new property? Thx Reply At 0:50 it is mentioned that you can use half of the potential rental income to help qualify for more than you normally could. Could anyone explain what was meant by that? I apologize in advance if it is something obvious. Thank you for the great information. Reply Can you do this if you already own a home that's currently your primary residence? @biggerPockets Reply This is my goal for sure Reply Great vid, just made me see the light! Reply Hard to find a deal where it cashlows nice and it’s in the physical conditions that FHA inspectors require it to be Reply I used my FHA Loan for a 3 unit I was lucky to get that and it’s working out wonderful for me. I’m ready to get my second sometime this year. Reply Who else loves this strategy? Let us know what you think in the comments. Reply I’m 22 and my goal is to purchase a duplex home next year if not this year. Thank you so much BP for all the help! Reply spelled because wrong!!!!!!! Reply AWESOME! You guys always deliver. I asked and you met with excellence. Thank you @BiggerPockets – Keep these vids coming. Short & sweet yet straight to the point packed w/lots of insight. Clicking on link now 😀 Reply Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.