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Updated almost 7 years ago,
Low money down loans for buy and hold non owner occupied
Hello BP. I am looking at financing options for purchasing multifamily residential with low money down? I am pre-approved for an FHA loans but they require owner occupancy and expensive PMI that stays with you for the length of the loan. I am trying to stay away from that if I can help it. Private lenders don't seem to fit the buy and hold model because of high interest rates and short terms. Owner finance would work but with the market hitting up, most sellers want to sell, get the money, and move on. Is anyone aware of alternative financing options that could fit my strategy?