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Updated almost 6 years ago on . Most recent reply
Oakland California lending advice for 5 unit multifamily
Hi hi friends!
Here's my situation: I found a pretty good deal on a property that is 5 units in Oakland California that has a lot of upside potential. Originally I wanted to use an FHA residential loan to house hack but because it's 5 units they won't go with that. Most commercial options I've looked at want 10 or 20% down.
Are there any kind of similar low money down loans for an individual investor?
Most Popular Reply
Brian Garlington
- Realtor
- Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
- 2,389
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I don't know for sure but check with local credit unions....cheapest I've heard of on commercial though is 20% Down.....but that's not for anywhere around here