Know a lender?

[Jessica A. Smith]

Morning BP, Background: Currently house shopping. Looking for a multi family to house hacking. Verified w/ lender we qualify for FHA. When I asked about using it for duplex or triplex was told needed 20% down. Also was told they had no loan options to purchase and rehab. We are first time home buyers and don't qualify for zero down. Does anyone have experience with this? Thanks for your help! Thanks!

[Jesse Peña]

@Jessica A. Smith 

If you live in the property for 1 year called (House Hack) it's only 3.5% down. Here are some links that I have put together for you, hope it will help you on your path to REI. I hope this will answer some of your questions.

https://www.biggerpockets.com/renewsblog/2013/11/0... (Get Paid House hacking)

https://www.biggerpockets.com/renewsblog/2014/03/13/investing-multifamily-ben-leybovich/ (Podcast 061 - How to succeed in multifamily investing-Ben Leybovich)

https://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/ (How to buy a small multifamily property)

https://www.biggerpockets.com/renewsblog/2015/11/16/how-to-choose-areas-multifamily-deals/ (How to choose multi-family deals)

http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/(How to buy a duplex)

https://www.biggerpockets.com/renewsblog/2013/12/12/bp-podcast-048-duplex-managing-tenants-darren-sager/ (Podcast 048 Duplex investing and managing tenants-Darren Sager)

Much success to you!