Orlando Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago on . Most recent reply
![Ryan Schaefer's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/684664/1621495417-avatar-rhuno.jpg?twic=v1/output=image/cover=128x128&v=2)
Financing Options for Investors
Hey all, I'm new to real estate investing, but I've saved up a decent amount of money for a down payment and am just wondering what financing options people in Orlando use. I'm currently talking with Regions bank, but they are looking for a 30% down payment and I'd rather stay at 20 or 25. I also called TrustCo Bank, but was told they don't offer loans for rental properties.
Any recommendations?
Thanks!
Most Popular Reply
@Colt Taylor sounds like House Hacking with an FHA Loan or FHA 203K (includes Rehab Costs) 12 month requirements, owner Occupied 3.5% down payment.
Most all Lenders offer that type of loan.
FHA also looks at multifamily up to 4 units and classifies it as a Single Family.
So in theory you could buy a 4-plex with the FHA loan, house hack it (live in 1 unit) and then rent the other 3 units out. Paying all the costs of the mortgage, expenses, and hopefully making some cash flow at the end of the month.
You could even fix up the units when they are vacant, charge more rents, then after FHA requirements are satisfied you can BRRRR out of the FHA loan and start the process again.
@John Kent I would like a referral please, being 1099 is hard to find lenders that don't use Tax returns for Income verification.