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Updated about 1 year ago on . Most recent reply

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31
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Chad Acerboni
  • Investor
  • Newport Beach, CA
16
Votes |
31
Posts

Looking to do a House Hack - Networking

Chad Acerboni
  • Investor
  • Newport Beach, CA
Posted

My wife and I want to do a house hack in Orange County. 

We want to possibly leverage the new Fannie/Freddie 5% down loan. 

Outside of our W2s, we are current RE investors with investment properties: a 4 unit, a 44 unit, and STRs. We do not own or have not owned a primary residence and are currently renting. 

I am also aware of the advantages of ADUs and am open to exploring that as well. 

I want to connect with local RE experts to purchase a 2-4 unit MF property in the OC area, specifically Newport Beach, Costa Mesa, Dana Point, or San Clemente.

TIA!

Most Popular Reply

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,316
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7,926
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Chad Acerboni yeah, to confirm here - you cannot use the "high balance" limits on the 5% down 2-4 unit options at this current time.  Also, just to clarify, the 5% down 2-4 unit is only a Fannie Mae option and not Freddie Mac. @Dan H. that might be why your lender told you different than those loan limits.

  • Andrew Postell
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