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Updated about 4 years ago on .

5% down conventional ARM mortgage for 4-plex?
Hello, my wife and I are looking to get a 4-plex. I am interested in it for low money down, but do not think the seller accepts FHA. So my question is:
Is it possible to get a 5% down Conventional ARM for a 4-plex.
Purchase price is $160k
Rents are currently $2,350 gross.
Please let me know your thoughts or any other ideas! Thanks!