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All Forum Posts by: Zaher M.

Zaher M. has started 3 posts and replied 7 times.

Thanks @Matt Devincenzo for the advice!

Thanks @Andrew Freed!

Will be in touch.

Originally posted by @Heather Greene:

You can get FHA for 3.5% and some states have special programs that allow 3% or 5% down for first time owners, sometimes even without PMI. That's how I purchased my first duplex. A Fannie Mae conventional will require at lease 15% down, Freddie I think is still at 20% down. Some local portfolio lenders may have programs for a lower down payment. VA also offers 100% financing on duplexes if you're eligible.

Thank you Heather! Yes, the banks I applied to use Fannie Mae and Freddie Mac so that makes sense. I shall request FHA then. Thanks again for the information!

Hello,

I have applied to two banks for purchasing a duplex as a primary property (live in one unit and rent the other). I am told that minimum down payment accepted for a duplex as primary is 15%. In order to do only 5% down they told me I have to get a single family house instead. Is this the case for everyone? I feel like something is wrong because I think I heard others got duplex with 5% down. Please let me know if you had similar or different experience.

Thanks!

Thanks Jonathan! Also, I was searching online and found a service called showami. They appear to fill the gap I have but I don't know much about them.

So I am a newbie investor, not a licensed broker. I use popular software tools to self-manage rentals including listings when there are vacancies and leases. The only thing I need help with is showings and I was wondering if there's a way to find local showing agents and add them to my team to refer showings requests to them. Any advice on streamlining this process?

Post: Hemlane Property Management feedback

Zaher M.Posted
  • Posts 7
  • Votes 4

I am looking for advice/feedback from those who worked with Hemlane Property Management. How many units you have/had with them and how is/was your experience?