Finding a multi family opportunity to house hack

[Zachary Alley]

Hi all - I've been considering house hacking my way into my first multi family in the Denver/Boulder area. I work closer to Boulder so anywhere in between works. I was thinking of using FHA despite the insurance costs but I rarely see opportunities around. Is it just me or are deals very rare around here? Also, given the cost of real estate in the Denver/Boulder area, is FHA a bad idea? Grateful for any thoughts!

[Jared Bouzek]

@Zachary Alley FHA is the lowest down payment option you will find for multifamily at 3.5% unless you are VA eligible. The next closest you would get would be Home Possible (conventional) at 5% down for a multifamily with a marginally better effective rate assuming LPMI and excellent credit. So your trade off would be a slightly lower down payment with FHA but a slightly higher rate. Depends on what matters more to you, what your time horizon is, etc.