5% Down after purchasing 1- 2 properties with 20% down. Possible?

[Anuja Savaskar]

Greetings Everyone , Me and my husband are excited to step into Real Estates, and we are looking forward to buy our first investment property. We also want to buy an apartment or a house for us. So we have this best option to buy a multifamily house, keep one for us and rent out the others. We have seen and analysed few properties. However, till now no luck in finding a Multifamily house where we can stay (Paying 5% down), but the numbers and cash flow for these properties are good. So these can be  good investment properties. 

So, Any Idea If I buy such property with 20% down now, do I still have option open to pay 5% down for my next property? 

[Upen Patel]

@Anuja Savaskar To buy a multiunit as an investment, it is 25% down (not 20%).

Once you have a property, you are no longer eligible for 5% down multiunit Fannie/Freddie loan. You can still use the FHA 3.5% down loan to buy a 1-4 unit property.

Hope this helps.