Unfortunately many lenders will see this as a red flag and may not take the risk to lend you the rest of the money even if you use stated income program or bank statement program but those are for self employed borrowers who have active income from their business but write off to many expenses that when filling their taxes their net income is really low or sometimes negative.

You can put as low as 3.5%-5% down payment and rent out the vacant units to offset your mortgage as we all call it Househack @Carlos Valencia @Albert Bui

I actually found out about this forum through Brandon Turner’s book, Investing in Real Estate with No (and Low) Money Down.

Thanks a lot for the replies @Chris Mason and @Gregory SchwartzOur lender said we can do a bridge loan but its around 11%.. id bring in 20% downpayment max, dont want to put too much personal assets into it and the issue is for yr1 w low rents and renovations its def a monthly -3-4k loss. def want an 8% or lower rateNot sure if lenders are ok with an initial cashflow loss, once its renovated we can have market rents and its a great deal after. it listed at 1.495M and we'd offer 1.2-1.25M. i understand the living in part doesnt necessarily bide well with investment focus, but for us thats a big appeal that its in a nice area to even live in

Hello Everyone,I bought a home back in January 2024 using my FHA loan and I received a call from Atlantic Capital Funding saying that I could FHA streamline (interest reduction) from my 6.625% to 5.7% and could even get two mortgage payments covered, (allegedly).

The investors all are going to turn it into something else - low income housing , student dorms, self storage, transient housing, drug treatment, etc.  

There is a development that is being redone and the price point is low.  

ADR projections in the low $100's and actual in the high $100's in our off seasons and mid/high $200's in our peak seasons. 

Another example of this is the reduction in new construction starts for residential over the past 1-2 years.

The first-floor unit was consistently rented at a low rate to my family members to provide assistance.