Updated about 5 years ago on . Most recent reply
Build - Loan options
Hi BPers,
I am a young professional looking to enter real estate investing in Austin, TX. My goal is to start with an owner-occupied multi-family home. I would live in one unit, rent out the other(s) and possibly airbnb a room in my unit. The goal would be for this to turn into a long term rental property. I think building would be the least expensive option and I am wondering what my loan options would be. I would only want to put a 5-10% down payment. Is it possible to get a construction loan with 5-10% down?
Best,
Grayson