would 5,000$ be a good downpayment?

[Christian Benitez]

Currently I am looking to invest in a duplex (+) in the Orlando area. I have been reading and learning a lot this past month about REI and listening to the podcasts. My question is how much should I raise for a down payment on a multi family in central florida? I am thinking raise $5,000 (which would take me about March) then try and get an approval for a loan at a bank then finally start my search. I would be a first time home buyer planning to move into the property and possibly "househack"

By the way what i currently do for a living is home designs such as kitchen backsplash, bathrooms, and tile and work also sometimes for investors., Contact me if you are an investor/wholesaler/and possibly also a money lender to talk and make things happen.

[Charvick White]

@Christian Benitez I am closing on a duplex in Tallahassee next week and house hacking it as well. I suggest you do as @Adrian Smude instructed and talk to a couple of lenders to make sure the info you have received is correct and you will qualify for the loan that works best for you. Secondly make sure you consider the other cost like the inspections, closing cost and appraisals. Also some expenses regarding MFH are more expensive then SFH.