question re new 5% down fannie mae law on multiplex, passed in 2023

[Kate Lee]

Hi - I'm trying to househack in Texas Dallas with the new fannie mae law that was recently passed in Nov 2023. New law offers higher limits on loan amount and more lenient DSCR at a low 5% down.

Does anyone know of a good course to follow? I'm hoping to buy a 4-plex in the next 3 months so I have a place to live. Signed up for Grant Cardone's $297 course, but feel like I need more accountability and also knowledge to pull the trigger.  If anyone knows of a good course/coaching on this particular topic, please let me know!  Thx.

[Julien Jeannot]

@Kate Lee

If you are buying in the next 3mo, its time to talk to a lender who can answer all of your questions tailored to your situation.

Also time to chat with a realtor that caters to REIs. The realtor will (should) have a preferred lender that also caters to investors.

You want to do this now, to put the pieces of the puzzle together to be in a position to close in 3months.