I want to occupy a multi family property and...

[Joshua Copeland]

Hi,

Hope all of you are well. So I’m looking to get into real estate investing and I hear that a good way to get in is by becoming a live in landlord on a property you own.

I understand that I have a better chance of getting into a property if I have my own money by perhaps going with hard money lender. I was wondering if there were any creative ways to get into a multi family with little to no money?

[Evan Polaski]

@Joshua Copeland, generally no.  Talk with your lender, but my quick search (and this may be outdated) shows: over 580 credit score qualifies your for 3.5% down; under 580 10% down.

Here is a good resource to learn a little more about FHA financing: https://www.nerdwallet.com/article/mortgages/fha-loan