Minneapolis Greenhorn

[Collin Mayer]

Hello everyone, My name is Collin and I am a young professional that is new to real estate ownership and investing.  I am looking forward to learning more about buying and holding multi family properties and plan to live in my first multi family investment.

[Grant Greene]

Collin:

Good afternoon, and welcome to BP!  You may already know this, but if not, I hope you find it helpful:

You can get an FHA loan for a multi-unit property with only a 3.5% down payment. In Arizona, for example, you can get a loan for a 4-unit property up to $521,260. Since you're planning on living in one of those units, this could be a very viable option for you - and you don't have to put down 15 or 20%. Food for thought.

Grant