Hello All - I currently have 2 rentals in the Houston metro (currently living in Houston), and have been considering using the FHA Loan with 10% down to purchase an owner-occupied triplex or fourplex in the Austin are...
First time home buyer trying to house hack in San Diego. My lender has mentioned I can’t do FHA for triplex or 4plex and need to put a minimum 15% down. Is this the case? I am looking at FHA for duplexes but a lot rea...
Hi all, I can't seem to find any definitive answers to this question. I'm looking to purchase my first property with the multi-family (2-4) house hacking strategy (live-in, low money down). Based on my income and a 4...
Fannie Mae made an enormous announcement this week that impacts anyone seeking to house hack – they reduced their downpayment requirements on 2-4 unit properties to 5%. This is a massive difference from the 15%-20% d...
Hello BP!I left my corporate job last year to be in real estate full time. This new life is wonderful! That said, I would like to refinance a condo, finance new acquisitions, etc. (beyond my existing portfolio) in t...
Fannie Mae is coming out with new guidelines to allow 5% down payment on 2-4 unit multi-famiy (Owner-Occupied)...This is huge news at least for an area like San Diego where FHA (3.5% down) can't be used for 3 and 4 un...
I'm trying to search for 2-4 units on hudhomestore.com, but the website doesn't provide a filter for multifamily. I'm wondering if HUD has 2-4 units at all? If so, how can we search for them?
Hey BP, I'm doing some analyses on multi-family buildings that I'd like to finance through FHA as an owner-occupier. In the calculator, I don't see anyplace to reflect the PMI. Am I missing something? Or does someon...
Hi, folks,
We're doing some tenants screening with Zillow while its content seems to be not sufficient, especially for tenants with less than 650 credit score which we may want more info. Is that normal to ask tenant...
With this new Fannie Mae conventional 5% down on multi-family loan is is it similar to the FHA loan where I can only have one out at one time or can I take as many 5% down conventional Lonas out as I want. Are there a...