Groundbreaking 5% Down Payment Policy for Multi-Family Investments
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- Опубліковано 17 чер 2024
- Big news for those dreaming of owning multi-family homes! Fannie Mae has just announced a significant change effective November 18th, 2023. Now, buying multi-family properties just got easier with a reduced down payment requirement of only 5%, a substantial shift from the earlier 15-25% range.
Sage Trust Mortgage: sageregroup.com/mortgage/
0:00 Introduction
1:30 Why does Fannie Mae exist?
3:20 Fourplex example (before and now)
6:10 Requirements
9:47 Your first investment property
10:55 What if you already own a home?
13:10 FHA vs. Fannie Mae
16:50 Are interest rates too high? Should you wait?
22:43 Max loan limits
23:45 Is this program active?
24:12 Benefits for the seller?
26:32 Mortgage insurance
28:53 Recap
#realestate #realestateinvesting #realestatefinancing #multifamily
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Juan is a Licensed California Real Estate Broker that has acquired his Certified Commercial Investment Member (CCIM) designation and a Real Estate Investor who is dedicated to helping people build wealth and financial independence through real estate investing.
Juan specializes in selling multifamily apartment units as well as residential properties. He prides himself in locating value-added properties that maximize the client’s investment yields. Juan is a detail-oriented entrepreneur.
Today he handles everything from finding, funding, designing, managing, and selling investment properties. His diverse experience in commercial and multifamily real estate allows him to develop and navigate a wide range of projects.
BRE 01417642
www.SageREGroup.com
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LinkedIn: / juanhuizar-sagerealestate - Навчання та стиль
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Using this loan, can a multifamily property, 2-4 units, be purchased with an LLC? I would still use it as a primary residence for at least one year. I just wouldn’t want the tenants to know I own it.
No, They do not allow to have deed under LLC
Can you please record a video about buying a duplex with a conventional loan with 5% downpayment vs FHA loan with 5% downpayment? Also, can you please explain the difference between townhouse vs multi-family house and whether the type of house has any impact on getting a FHA or Conventional loan?
Nice video and the new guideline is real 👍🏼 Great way to make the monthly housing expense lower and great asset class to own long term👍🏼
Thank you for watching and commenting.
Hi, do you have to have 6 months mortgage in an escrow for the 3.5 fha loan like you do for the fannie mae 5% loan? Thank you
Hello 👋
From Phoebe our trusted lender : 3 months PITIA reserves required on 3-4 unit properties
Also, somewhat rare but on a manual underwrite, 1-3 months reserves may be needed on SFR or two units.
Austin Texas! Point in the right direction?! Much appreciated
Hello, please go to www.sageregroup.com/youtube
does this apply for all over ontario? or just select regions?
Ontario California? Yes
how long do you need to reside in the property as "owner Occupied"
One year
Interesting, however, for how long does the investor have to live in the multi family property with this new program?
One year. As the saying goes days are slow years are fast.
Can it be new construction can you build it brand new from scratch?
Must be built already.
Hello I have 2 houses but I'm ready for quadruplex how much percent I need to qualify
Well, this program only works if you're going to live in one of the 4 Plex units. Which could be the case and is possible. You would then just need 5% down.
Talk about how much your your mortgage will be with this and how rent is at all time which isn’t good for new investors that would want to buy low for max profit
Max profits come with time, not on day one.
I live in Nashville, TN. I would like to take advantage of this program. Could you please refer me to a multi family property mortgage specialist? Thank you so much.
Email us please.
Hello, contact our friend for loans in your area. Mario is a savvy multifamily investor and experienced lender. Licensed in TN:)
Mario@marioloans.com
You said the program start November but 2023 or 2024???
Hi, the program started November 18th 2023. So it will continue through 2024 and beyond.
2023
Hello how I can contact your company ???I need an advice from expertise people.like you thank u
Email us please. Check out our website
www.SageReGroup.com
Hey, I am in Texas. I guess you guys are in California. But can I call you?
Yes, of course you could call us. Let us know how we could help.
Let’s take less adderall, and focus on what’s being actually said.
Who needs Adderall when you have the adrenaline rush of a UA-cam channel. 🤣 seriously, thanks for the comment and we hope you find our content, engaging and educational.
This is the point where they start sucking in unsophisticated investors prior to the crash.
People have been waiting for the recession hasn't happened. People have been waiting for foreclosures, they never came. The Real Estate market is strong and there's no reason to believe in a market crash. 💥
Thank you for following us and commenting. Much appreciated.