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Updated over 4 years ago on . Most recent reply
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Multifamily in Las Vegas / Flips in Los Angeles
Hello BiggerPockets family!
I recently joined and would love to make some new connections. My husband and I have been investing in SFH but are looking to move into commercial investment in Las Vegas as well as flips in Los Angeles. We live in LA currently and I grew up in Las Vegas so we have lots of boots on the ground there. Give me a shout if you have any thoughts, advice or recommendations you want to share. Or if you just want a new connection. I'm all about that too.
Thanks!
Esther
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@Michael Hastings you mixed the programs, I was referring to Fannie HomeStyle renovation loans and you are referring to standard purchases on Freddie.
The reno loan with Fannie for owner occupied is 95% LTV on a SFR, 85% ltv on duplex and 75% on 3-4 units. For investment is 85% LtV on SFR only, MF are not allowed.
On the MF owner occupied I always do 203k fha