First duplex with no money down

[Dan Derksen]

Hi,

I'm new to real estate investing and would like to start looking for a duplex to house hack for my first property. I was wondering what my options are for financing with no money down. I don't have any friends or family with money or good credit for that matter so I'm not sure what my options are. 

Any suggestions would be much appreciated. 

Thank you. 

[Brad Hammond]

A house hack with zero money in is not very common. Hard money wouldn't make sense since this is going to be a long-term buy & hold. Your best bet would be to put 3.5% down with an FHA loan. The other thing you can do is purchase a property that is under market value with a lender that will lend based on the value of the property. This will likely be a property that needs a lot of maintenance which will require lots of cash to rehab.