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Multi-Family and Apartment Investing

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Patrick Ketchum
  • Entrepreneur
  • Provo, UT
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18
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Can I use an FHA on a mult-fam property?

Patrick Ketchum
  • Entrepreneur
  • Provo, UT
Posted May 15 2015, 09:51

If this is a dumb idea, please call me out on it. My wife and I are thinking about making our first home a multi family home (duplex to fourplex range), and I'm wondering what the best financing option would be. In my area these properties start off at 200k. We don't have 20% to put down, I'm not interested in borrowing money from relatives, and I don't like the sound of zero down deals just yet. Could I do something like an FHA since this is our first house even though it would be a multi? Are there any other low % down payment financing options out there?

Any advice or experience would be really appreciated. Thanks!

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