Great to see updates on multifamily real estate trends! 📈 If you're looking for standout opportunities in this space, I’d be thrilled to share some insights that might be exactly what you're looking for. No strings attached just valuable info on unique investment options.
Everything, and I mean everything in my city and within 40 miles is at the peak price its ever been at in history. I cannot fathom how people are buying right now
Hey, isn't the self-sufficiency test kind of similar to the loan qualifying process for commercial real estate? meaning lenders care more about how much money the property is producing as opposed to the financial history of the person asking for a loan?
Thank you so much for this. I've been thinking of purchasing a multi-family property and I'm currently unemployed. I've read the best finance book(s) from Robert T. Kiyosaki and I've learned that you can use 100% debt to create money from thin air. I am really hoping I could quality for a FHA loan and purchase a multi-family property with almost 0 income (self employed doing side gigs, but not much money coming in.) I am still learning step by step! I am really liking what you are teaching here. Thank you again, and if you reply to my comment, would love to see what your feedback would be!
I'm definitely a fan of rich dad, poor dad. And lenders will require the borrowers qualify for my income perspective. I do suggest that you speak with a lender to see how close you might be to qualify.
I currently have a single family and a fourplex under VA loan. Both properties are fully leased. Can I still get an FHA loan to get into another property? I haven’t used FHA before.
Single-family homes and condominiums are still a hot market, but smaller apartment buildings are moving slower meaning that a seller would definitely consider an FHA borrower.
That is correct out-of-state for an areas of California that aren't as highly priced. You could definitely make this work. But now with Fannie Mae, you don't necessarily need FHA.
are you able to provide any information on VA multifamily loans. Fortunately I don't require PMI and there are no finance caps from the government side just the lender side. Also no downpayment requirement makes it even sweeter. Any advice here or direction on best lenders for VA backed multifamily unit purchase?
Question/situation for you: I’m interested in a quad and my cousin wants to buy it with me so we’d occupy two units and rent the other two. (1) could each get their own loan for half the property, (2) is the property assessed as a quad overall with the self sufficiency test or considered a duplex for each of us since we’re both half owners?
Thank you for reaching out with the new fan. I'm 5% percent down you no longer have to meet the self-sufficiency test. But to answer your question you could buy a 4 Plex with your family member. Check out our website. Send us a message. Will be glad to help you or direct you to the right professional in your area.
What about in Malibu? Wouldn’t it work there? Thinking of FHA construction loan on 3 unit. Single family with 3/2, one ADU with 1/1 and another ADU 2/1
I learned a lot from you guys, and I live in Souther California trying to buy my first property but I am leaning towards multifamily homes. Can you guys provide my your office number to get ahold of you guys?
Hello, thank you for the feedback. I'm glad you have enjoyed learning from our channel. We certainly enjoy teaching. Check out our website to get our contact information. www.sageREGroup.com
