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Updated almost 9 years ago on . Most recent reply

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7
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Ruth Escobar
  • Houston, TX
0
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7
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Multi-Family Down Payment

Ruth Escobar
  • Houston, TX
Posted

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

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