“He suggested living in one unit, renting the rest, using FHA, then refinancing to conventional to fund the next house hack.”
♫
Said on BiggerPockets Real Estate Podcast
“I would stick to a conventional loan… FHA loans… have a lot of restrictions and red tape, and it sounds great on paper until you get into it.”
The Ramsey Show · Don’t Let Others Control Your Future
Play from 1:45:09
1:45:09
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Advised the caller to use a conventional loan instead of FHA for a first-time home purchase
Said nearby on the same subject
“We use $200,000 to pay down the home loan… then we take out a $200,000 loan and use that to invest… that $200,000 loan becomes tax deductible”
AG
Aidan Gullman
Financial Autonomy ·
“Who better to retain a loan than a loan officer who did the loan? ... we pay you this amount of money to do that... they get the data because the data tells us they're looking at other homes.”
♫
Said on Dropping Bombs
“Loan split… $500,000 non-deductible home loan… put $100,000 into the loan, split it into $400,000 or $100,000 and then go invest $100,000 in shares”
PN
Pat Noll
Equity Mates Investing Podcast ·
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