All Forum Posts by: Shelley W.

@Brad Hammond, @Harman N., thank you for responding. I guess I'm going to have to rethink my strategy a bit. 

Still interested in recommendations for lenders who will do 20% for a non-owner-occupied duplex. 

Ugh! I'm just getting ready to make my first investment and I learned tonight that lenders will likely want 25% down on an investor non-occupied conventional loan. I've done so much research and learning, and somehow I missed that critical point. Is that correct? Does anyone have recommendations for lenders that will accept 20% down?

Thanks @Chad Doheny, @Will Barnard and @Robert Chuang for your thoughts on this program. I am a new investor, but I want to be hands-on and not hands-off because the ADU will be only a first step toward more investing. My goal is to buy and hold rentals.

Congratulations on an exciting moment! 

I'd be interested in hearing people's thoughts about or experiences with the La Más Backyard Homes Project https://www.mas.la/affordable-adus. According to the website, "This incentive program offers homeowners optional financing, design, permitting, and construction support to build a new ADU in the City of Los Angeles. There will be two ways to participate in this program - both require a commitment to rent to a Section 8 tenant for a minimum of five years as well as a commitment to working with LA-Más and RNLA for design, permitting, and construction."

Thanks!

Hello, I'm also considering investing in property in Lewiston, particularly a multifamily property. How did this work out for you, Sam?