Only 3.5% down and You Could Own a 4-Unit Building With Tenants

Many of my clients have been surprised to learn about the power of using the FHA Loan program to buy a duplex, triplex or 4-unit for rental income.

In Los Angeles County in 2012, FHA borrowers can borrow up to $934,000 for a duplex, $1,129,250 for a triplex, and $1,403,400 for a 4-unit.  That means you could put down as little as $51,000 and buy a $1.4MM 4-unit apartment building.

If you would like to know more about opportunities like this, please feel free to contact me at marcelanderson@kw.com or 310.482.2414.