Conventional Fannie Mae HomeReady with 3% down.How did you add value to the deal?

I am unsure which loan would be cheaper/the better one to use between a FHA loan and a 5% conventional loan.

Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

As discussed, I have options to refinance your multifamily short term bridge loan into a stand alone 30 year conventional (rates start at 4.5%) or a government sponsored loan - Fannie Mae, Freddie Mac (rates start at 3%) after 1 year.Your credit line could then be reused for your next purchase..

As discussed, I have options to refinance your multifamily short term bridge loan into a stand alone 30 year conventional (rates start at 4.5%) or a government sponsored loan - Fannie Mae, Freddie Mac (rates start at 3%) after 1 year.Your credit line could then be reused for your next purchase..

Conventional loans are better.

I was wondering if anyone has bought a 6 unit home with a conventional mortgage before?

Conventional How did you add value to the deal?

Instead of doing FHA on a duplex I would consider doing a conventional 5 or 10 down loan on a SFH and renting out the rooms.

For one thing, you won't be able to get a conventional loan on a house in the name of your LLC.