Because of my teaching background, many first-time real estate investors come to me for advice. Most have little to no experience in multi-residential properties, and their biggest concern is qualifying for a loan. They have heard that lenders want buyers to have a down payment of 30% (or more) before approving any loan on a multi-residential property. All of that is true; HOWEVER, at least one loan program through the FHA requires a down payment of only 3.5%. Let’s look at that program.
Please email me if you have any questions about this program or are looking for a possible lender.
