All Forum Posts by: Eric J Bartholomew

Thank you both @Jake Andronico and Andrew (wouldn't let me tag you for some reason)...I have a call with a second local lender today (had my first yesterday) to try and establish a good relationship with a credit union/banker as I move forward.

What are your thoughts on FHA (and the 203k options they have) vs the new Fannie Mae Owner-Occupied 5% down program that was just created recently? I have little to put down but can access enough for the 3-5%, atleast for my first one. Is there one you guys prefer or is there another financing program out there you prefer instead of all those? And if so, any particular bank you recommend? Minnesota or not...thank you again for your time and replies.

Hello, new to the party real estate investor here looking to make my first effort/purchase toward that.  I'll be starting off w/ house hacking, seems to be my best option as far as rates, funds, etc situation that I have going.  Looking at multi-family (nothing but - not single family - so duplex, tri, quadplex).

Any particular pockets or bubbles in the St. Paul/Mpls metro area folks are aware of that are the best opportunities?  Eventually I want to expand and get out of this state but as far as for now, I'm not ready to move out of state (as far as full time job goes) so I wouldn't be able to owner occupy outside of MN - atleast for now!

Thanks for any/response and consideration in my questions and curiosity.  Clock's ticking for me, my lease is up in January ('24) and I don't want to keep paying rent if I can avoid it.

Regards,

Eric