How to Buy a Multifamily Rental Property with 3.5% Down |
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Pay off your mortgage in 5-7 years with Replace Your Mortgage:
https://replaceyouruniversity.com/bp You can buy multifamily rental property with just 3.5% down. That’s right. No more 20% down requirements; you can get into a cash-flowing property with just a fraction of a traditional down payment. Or, maybe you’re struggling with how to buy a house with today’s high down payment standard. Well, you can use this SAME method to get into a single-family home of your own. But you’ll need to know what it is and how it works. If you’ve read this far into the description, you’ve probably guessed that we’re talking about…the FHA loan! That’s right; this time-tested, low-down-payment-required home loan can help you get into your first single-family or multifamily house hack for FAR less than you think. But what’s the catch? Before you get TOO excited, watch this ENTIRE video to know exactly what you need to get into this absolute steal of a home loan program. Want to hear about other home loans? Take the poll below and let us know: Pay off your mortgage in 5-7 years with Replace Your Mortgage: https://replaceyouruniversity.com/bp ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/lendermatch ~~~~ Check Out Another Mortgage Monday Video: https://www.youtube.com/playlist?list=PLgSUZKLPRI9upGwnyORepWtJD-bLXbUGs ~~~~ Should You Start Investing With an FHA Loan? Here’s Why… Or Why Not: https://www.biggerpockets.com/blog/fha-loan-pros-cons? utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Work with The One Brokerage: Website: https://the1brokerage.com/ Email: christian@theonebrokerage.com Intake Email: intake@theonebrokerage.com ~~~~ Work with David: Website: https://www.davidgreene24.com/ YouTube: https://www.youtube.com/@davidgreene24 ~~~~ Connect with Christian and David on BiggerPockets: Christian: https://www.biggerpockets.com/users/christianb79?utm_source=youtube&utm_medium=description&utm_campaign=none David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Follow Christian and David on Instagram: Christian: @the_one_broker or https://www.instagram.com/the_one_broker/ David: @davidgreene24 or https://www.instagram.com/davidgreene24/ 00:00 Intro 01:36 What is an FHA Loan? 03:01 Credit Score Requirements 04:12 Debt-to-Income (DTI) Requirements 05:00 What You CAN'T Do With an FHA Loan 08:39 The "Golden Handcuffs" 11:33 The "No PMI" Lie 12:49 The FHA Wrap-Up 14:15 Connect with Christian and David! |