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Updated about 1 year ago on . Most recent reply
5% down Fannie May Change
I am looking for a 4plex plus in a resort area near a beach (prefer Florida panhandle) but I don’t see many of these anywhere. Could you in theory buy a 4 plex for $1,000,000, rent 3 units, live in one and only put 50k down? Thanks in advance for the feedback and advice!
Most Popular Reply
Quote from @Eric DeNardo:
You sure can! Remember other closing costs and fees to include in cash you'll need upfront. You could also do the same with a triplex or duplex.
So you could always do an fha loan with duplex or triplex if you live in one, right?