DMV - DC, Maryland, Virginia properties🔥

[Frances Marquez]

REI newbie here.

What are your thoughts on FHA Loan — 3.5% down payment on a triplex or a four unit property in the DMV area?

The properties that I’ve found are really high in this area.

[Russell Brazil]

Originally posted by @Frances Marquez:

@Russell Brazil Do you know anything in the Northern VA or MD area?

Those are both parts of the DC area. Realistically for low down payments on a multifamily, you are going to be limited to 2 unit properties because of the FHA self sufficientcy test. Only way you will find something other wise is if you happen to be able to buy a sectiob 8 tenant occupied property, with 1 unit vacant, in the cheaper in price tier 1 section 8 neighborhoods in DC, because of how high the section 8 rents are. But if its not section 8 tenant occupied, they will use market rate rents for the self sufficientcy test and would then fail the test.