Wondering how to buy multifamily property as a rookie real estate investor? We’ve got good news. A new Fannie Mae multifamily loan allows borrowers (like you!) to buy a multifamily property of up to four units with just five percent down! That’s right; you no longer need to worry about saving up fifteen to twentyfive percent. And it gets even better; you can use the property’s rent to help you qualify to buy! It’s NEVER been easier to invest in multifamily real estate.

We brought licensed mortgage advisor Hannah Escher back on the channel to explain how this loan works, the qualifications, who can use it, which properties you can buy, and whether you should stick with singlefamily rentals or go for bigger buys with multifamily! This type of loan is perfect for house hackers, and if you’ve been dreaming of living for free while scaling up your real estate portfolio fast, this may be the easiest way to get four more doors.

Don’t let loans like this pass you by! If you’re ready to purchase your first or next multifamily property, connect with an investorfriendly lender for free here: http://biggerpockets.com/findlenders'>http://biggerpockets.com/findlenders

~~~~
Join BiggerPockets for FREE
https://www.biggerpockets.com/signup?...
~~~~
Find an InvestorFriendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find InvestorFriendly Lenders:
http://biggerpockets.com/findlenders'>http://biggerpockets.com/findlenders
~~~~
Property Manager Finder:
https://biggerpockets.com/findapm
~~~~
Learn from the Best Investors at BPCON2024 in Cancun!
https://www.biggerpockets.com/events?...
~~~~
Fannie Mae Rolls Out 5% Down Payment Program for Multifamily Properties—Here’s What You Need to Know:
https://www.biggerpockets.com/blog/fa...
~~~~
Fannie Mae SLASHES Multifamily Down Payment to Just 5%:
   • Fannie Mae SLASHES Multifamily Down P...  
~~~~
Connect with Hannah on BiggerPockets:
https://www.biggerpockets.com/users/h...

00:00 New 5% Down Multifamily Loan
01:27 Who Qualifies?
02:35 Which Properties You Can Buy
04:31 Using Rent to Qualify
05:41 SingleFamily vs. Multifamily