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Updated over 8 years ago,
Multi-Family Down Payment
Hi to All,
I am new to BP and have recently been doing a lot of research in regards to house hacking with a multi family home, for which I would be living in for at least 2 years (at least that's the plan). I wanted to get some feed back from experts in regards to the down payment. I am trying to decide between putting 20% down with a conventional loan at 15years or doing FHA loan at 3.5% or 10-15% for 15 or 30 years. I just want to get some opinions/suggestions in regards to what is the best way to go to ensure that I am successful in my first home/house hacking as well as being successful in cash flowing the property.
Many Thanks,
Ruth