Low-Down Loans?

[David Rocca]

I am looking to buy two properties a year. Are there any loans available with low-down payments like an FHA loan where I do not need to live in the property?

I am currently looking to buy a SFH or a multi-unit property as an investment. I currently own a SFH.

Thanks for the help!

[Jake Thomas]

You can use FHA more than one time but can only have one FHA type loan at a time. After you buy your first property FHA and live there for a while you can then get a 5% down conventional loan on single family property (10-15% for another multi) if the new property becomes your primary. If you decide to keep the FHA as your primary you will have to come up with 20-25% down on the next property as it is considered an investment.

Seller financing and private money are other options as well but if I could do it over again I would have house hacked a multi-family (up to 4 units) using an FHA loan then switched my primary to a single family utilizing a 5% down then after that saving for the next one using 20-25%.