Man this was so impactful buying a 4plex offmarket no buyers agent with fha 203k just linked up everybody Lender, Hud Consultant and my 2 General contractors my due diligence ends feb17th and closing is March31st 🙏
This video may have just solidified my decision as a first time homebuyer to do a 203K Loan. We have very limited amount of multifamilies in my area but a wealth of fixer uppers. Thank you for breaking this down very simple and easy to digest
What a wealth of information presented. I have recently started my search for a home that can meet the needs of my disabled son who requires 24/7 care. All of the homes that I have seen thus far will require significant modifications, extending doorways, removing walls and modifying a standard bathroom into an open shower. After watching this video, I have come to the realization that I would be better off purchasing a multi-family property in need of rehab and utilize the FHA 203K Standard Loan to have all the necessary environmental modifications to provide for his lifelong needs. Thanks MG, for sharing.
I think you may ne the first person on UA-cam that SIMPLY explained this with CLEAR information slides to easily screenshot. Thank you !!!! These other UA-camrs too busy trying to be cute and seen and leave out information 🤍
Very useful information. One thing I can add is the Bank will scrutinize whatever contractor you are trying to use. They will even ask for contractors bank statements. A lot of contractors wont get involved in these type of loans because they essentially have to get financially scrutinized and approved by the bank. They also need a lot of money in their bank account.
Thank you so much. I am looking to buy a multi unit property and I was not aware of these type of loans. but I appreciate you sharing all this info. was very informational and helpful.
I'm in Washington and wanted to know how I could get a 4 unit, live in one rent the rest, and this is a perfect strategy for buying below market value, and getting updated construction. Forced appreciation, this is it! I'd love to do this
Are these “rehabs” on Zillow? Where can we find these? I see houses that look abandoned with county signs and small writing you can’t read all over my town but no for sale signs.
Hello Matthew, thank you for the gems you have shared.I'm interested in the 203k Standard but I noticed you do not cover AZ.Do you have and referrals for a good lender ?
From 1099 to w2 will need two months paystub as long you have 2 year same field and I am not even realtor and know this stuff and it’s not true proof it
Very informative 💪🏾💪🏾💪🏾👏🏾👏🏾👏🏾 The wife and I have been looking at a spot for a while but we both knew it was going to need some work. Great video. 203k I'm otw lol
Can this apply towards the construction of an ADU? I'm considering buying a 4 unit where I'm renting out 3 of the units while living in one plus building and accessory dwelling unit attached to the property.
What if you’re self employed AND W2?? I’m in the army reserves and am a realtor… I get out the military next month & I want to buy end of year.. don’t think it’d be an issue but could use some confirmation
As long as you have 2y of taxes for your self employment you’re ok. Since you get out of the military next month, you cannot use that income. If you’re getting out and will be reserves you can use that AND your realtor income as long as you have 2y in realtor income
If I'm still living in my primary home do I need to move out it first to be able to apply? or I can still apply if I'm looking to move in a different city?
You can apply while living in ur primary if your intent is to relocate to that city but you’ll have to have a valid reason for relocation and prove you’re either able to work remotely or that you’re transferring facilities.
Beautifully executed!!As a realtor, here in the metro Detroit area. This loan can go really far! There’s a lot of multifamily and mix use properties, in the city of Detroit and surrounding areas. your video will definitely be the primary video that I send to my clients entertaining this option. Although you’re not license here in Michigan. Hopefully soon, I do have clients in the Florida and Texas region, that I will personally suggest you as their lender.
Thank God for you my Brother. This is no doubt great information for me to start the process of acquiring my first home as well as beginning the journey of becoming a real estate investor. Gratitude my peoples N Dat MF'N Order! ✊🏿🏁
Thank you Mg for all your videos I been learning and building my confidence. I know I want to use a fha loan. But there’s been a set back with my credit. Know I’m now trying to rebuild ..not giving up I want this generational wealth
Excellent video. I don't think my situation would ever make me eligible for this type of loan but I still listened in its entirety because it was good information and well presented.
Hello GM, how are you Many Thanks for all this information. We are located in south Florida. Do you know anyone who can help us with the process in getting this 203k. We have a general Contrator license. We want to get further information Thanks for all your help!!!
Thanks for the great videos, I have a question that you or someone here can hopefully help me with. My grandfather has a property paid off in Miami, he wants to go back home and wants to take over the property. It needs a lot of work, pretty much would have to demo and rebuild, so the 203K loan would be perfect for this. If I aquire the property via a quitclaim deed, can I then get a 203k loan to do the repairs or does my grandfather need to sell it to me? My loan officer is not sure, so hopefully someone can help me out here. Thanks in advanced for your time and help. JP
Thankyou for being real bought my triplex VA loan last year currently under contract on a 4 plex under a fha 203k standard no buyers agent 90 day close its hard and the fha self sufficiency test is hard to beat without finding a ugly duckling.
![[UA] Eternal Fire проти NAVI | EPL Season 20 Malta](http://i.ytimg.com/vi/chvlsDygrZM/mqdefault.jpg)
Man this was so impactful buying a 4plex offmarket no buyers agent with fha 203k just linked up everybody Lender, Hud Consultant and my 2 General contractors my due diligence ends feb17th and closing is March31st 🙏
Hey JWalk congrats, are you able to send your lenders info?
Wow..congratulations
THANK YOU!
THANK YOU!!
THANK YOU!!!
How’d it go!
That's a blessing. If you can need lender info. Need someone who is well knowledgeable of program. And Good Hud consultant.
This video may have just solidified my decision as a first time homebuyer to do a 203K Loan. We have very limited amount of multifamilies in my area but a wealth of fixer uppers. Thank you for breaking this down very simple and easy to digest
What a wealth of information presented. I have recently started my search for a home that can meet the needs of my disabled son who requires 24/7 care. All of the homes that I have seen thus far will require significant modifications, extending doorways, removing walls and modifying a standard bathroom into an open shower. After watching this video, I have come to the realization that I would be better off purchasing a multi-family property in need of rehab and utilize the FHA 203K Standard Loan to have all the necessary environmental modifications to provide for his lifelong needs.
Thanks MG, for sharing.
This is great education. I wish I knew this man last year before I walked away from my property. I’m here now. Much appreciated.
I think you may ne the first person on UA-cam that SIMPLY explained this with CLEAR information slides to easily screenshot. Thank you !!!!
These other UA-camrs too busy trying to be cute and seen and leave out information 🤍
Ty i appreciate you
Finally, someone who can explain this in english! Thank you!!
Very useful information. One thing I can add is the Bank will scrutinize whatever contractor you are trying to use. They will even ask for contractors bank statements. A lot of contractors wont get involved in these type of loans because they essentially have to get financially scrutinized and approved by the bank. They also need a lot of money in their bank account.
Thank you for breaking this down and not using jargon words. Thank you. You make more sense than my real estate professors thank you❤
Thank you for the insight on the FHA 203K loan and process
Im just now learning about 203K home loans. OMG this is what I been looking for. Thanks for breaking this down. Its like a tutorial
GREAT VIDEO! How do the interest rates on a 203k loan compare to traditional FHA loans and do you have an option to buy down the interest rate?
I've been studying this loan option for almost a year. This is the most valuable, detailed explanation I have learned ffrom. Mahalo!!!
Matt this is amazing information. Thank you!
Thanks for this! I learned SO much in 45 minutes that I’ve been researching for months!!
Thank you so much. I am looking to buy a multi unit property and I was not aware of these type of loans. but I appreciate you sharing all this info. was very informational and helpful.
Great information MG, thank you!
Sun, pausing that back end statement caught me off guard.😂 Who pauses anything in a professional setting?! I cried, laughing.
Please put this book on audible
Thanks for sharing this valuable information. I hope you mind, but I need to share this with my Buyers.
Please feel free to share.
Much blessings on the info 🙏🏾🙏🏾🙏🏾 extremely helpful
I'm in Washington and wanted to know how I could get a 4 unit, live in one rent the rest, and this is a perfect strategy for buying below market value, and getting updated construction. Forced appreciation, this is it! I'd love to do this
Official gem dropper. Thank you!
This was great!! Thank you
do you think you can do episode on obtaining mortgage loan using housing choice voucher to pay mortgage payments?
Are these “rehabs” on Zillow? Where can we find these? I see houses that look abandoned with county signs and small writing you can’t read all over my town but no for sale signs.
Thank you for this video!!!
Thanks! I needed this!
Great information! Thanks for sharing!
When will you add Ohio to your arsenal of states? I would Love to use your services.
Hello Matthew, thank you for the gems you have shared.I'm interested in the 203k Standard but I noticed you do not cover AZ.Do you have and referrals for a good lender ?
Hey MG! I enjoyed your video, I saved it from a year ago. I just watched it again today would you say this is the way to go for 2024/25?
As a first time home buyer is this the smarter route to go?
Appreciate all this info. Just a quick question can I use my LLC for this type of loan?
Great overview of the 203k thank you
Should I FHA first, or subject to !?
I’m a first timer looking for property to rent and house hack !?
From 1099 to w2 will need two months paystub as long you have 2 year same field and I am not even realtor and know this stuff and it’s not true proof it
Should I find the home first before applying for the loan? I worry to find the home and not be able to qualify for it.
Great video. How do I find contractors that have experience with 203K in Atlanta area?
Very informative 💪🏾💪🏾💪🏾👏🏾👏🏾👏🏾 The wife and I have been looking at a spot for a while but we both knew it was going to need some work. Great video. 203k I'm otw lol
Is there a way I can schedule an appointment with you regarding loans?
Thank you
Can this apply towards the construction of an ADU? I'm considering buying a 4 unit where I'm renting out 3 of the units while living in one plus building and accessory dwelling unit attached to the property.
Can u please do heloc loans next please
Contractors will not work under 203k requirements in TX
Such an amazing video. Thank you. Very impactful. Made me feel more comfortable with moving forward into the investment process.
Thank you 💯💯💯
Where is the card link for the rental income link and all the links to the other videos you mentioned?
With the business bank account, you said direct deposit. Can this be a transfer into the account?
12:06 jem
Why y’all not licensed in Michigan? 😭
some of these are hard to get, i could refer a program i got easily
💎💎💎 great video. I plan to work with you in 2023. I appreciate you sharing the knowledge.
What if you’re self employed AND W2?? I’m in the army reserves and am a realtor… I get out the military next month & I want to buy end of year.. don’t think it’d be an issue but could use some confirmation
As long as you have 2y of taxes for your self employment you’re ok. Since you get out of the military next month, you cannot use that income. If you’re getting out and will be reserves you can use that AND your realtor income as long as you have 2y in realtor income
Hey, I need to get in touch with you. How is this possible? I only have YT and FB as social media platforms. I have some questions.
we have a 203k playlist, that may help you
Does anyone know of anyone reliable contractors in the Detroit mi area that does 203k loan
can you get 203k loan if you already have FHA loan?
TAKING SCREENSHOTS.. THANKS
YW
THANK YOU SOO MUCH 🎉.. I am thinking of getting a home for a group home
Do you by chance have 203k sub for that
If I'm still living in my primary home do I need to move out it first to be able to apply? or I can still apply if I'm looking to move in
a different city?
You can apply while living in ur primary if your intent is to relocate to that city but you’ll have to have a valid reason for relocation and prove you’re either able to work remotely or that you’re transferring facilities.
Is your down payment calculated for the property only? Or is it not calculated until the amount for rehab is added?
some of these are hard to get, i could refer a program i got easily
Jones Sarah Hall Shirley Martin James
what if you are on disability only?
I stopped watching after you said 2 years w2…as I’d nobody is a 1099 worker
Where can I get your phone number? We need a 203K FHA with standard repairs program loan?
💎💎
💎💎💎💎💎💎💎💎💎
❤️💎💎🔥
Beautifully executed!!As a realtor, here in the metro Detroit area. This loan can go really far! There’s a lot of multifamily and mix use properties, in the city of Detroit and surrounding areas. your video will definitely be the primary video that I send to my clients entertaining this option. Although you’re not license here in Michigan. Hopefully soon, I do have clients in the Florida and Texas region, that I will personally suggest you as their lender.
Do you know any lenders the detroit area?
Thank God for you my Brother. This is no doubt great information for me to start the process of acquiring my first home as well as beginning the journey of becoming a real estate investor. Gratitude my peoples N Dat MF'N Order! ✊🏿🏁
Lot's of gems here. Didn't know about the mixed use buildings.
Thank you Mg for all your videos I been learning and building my confidence. I know I want to use a fha loan. But there’s been a set back with my credit. Know I’m now trying to rebuild ..not giving up I want this generational wealth
@thecreditdude
Excellent video. I don't think my situation would ever make me eligible for this type of loan but I still listened in its entirety because it was good information and well presented.
Great information for FHA 203(k) Loans
Appreciate your thoroughness.
Would a HUD Consultant be able to possibly link me with a contractor that they are familiar with?
When do you plan on being licensed in Ohio? Great Video! Thank you for the thorough details about the FHA 203K loan!
Where’s all the links you spoken about? Thank you
This video was very informative. I will share it with my grown children. So they don't make the same mistake there father and I did.
Thank you for the information!
MG...my wife and I looking to do A FHA 203k loan..man..your video is on point!!
We would love to help you. Here's the link to apply. www.applywithmg.com/optin1663174580377
Excellent explanation. Very easy to digest. Thank you!
Williams Kevin Lee Patricia White Gary
The best decision❤️❤️❤️❤️❤️❤️❤️❤️👍
Martinez William Hernandez Jennifer Walker William
Garcia Kimberly White Jason Hall Cynthia
Miller Jennifer Young Steven Harris Shirley
Hello GM, how are you
Many Thanks for all this information.
We are located in south Florida. Do you know anyone who can help us with the process in getting this 203k. We have a general Contrator license. We want to get further information
Thanks for all your help!!!
Thanks for the great videos, I have a question that you or someone here can hopefully help me with. My grandfather has a property paid off in Miami, he wants to go back home and wants to take over the property. It needs a lot of work, pretty much would have to demo and rebuild, so the 203K loan would be perfect for this. If I aquire the property via a quitclaim deed, can I then get a 203k loan to do the repairs or does my grandfather need to sell it to me? My loan officer is not sure, so hopefully someone can help me out here. Thanks in advanced for your time and help. JP
Hall Donna Hernandez Frank Harris Carol
MG, I live in Texas. I'm looking to purchase a fourplex with 203K, and have questions your services. How do I contact you?
With a 203K limited would I be able to convert a detached 2 car garage into a tiny guest house?
Lewis Dorothy Jones Michael Lee Larry
Thankyou for being real bought my triplex VA loan last year currently under contract on a 4 plex under a fha 203k standard no buyers agent 90 day close its hard and the fha self sufficiency test is hard to beat without finding a ugly duckling.
I know FHA is a great option, but do yo really most to leave for 10 years in the house? 🤔
can you do one on the draw request form HUD-9746-A. Makes zero sense to me
I appreciate your videos and your explaining everything well thank you! Btw can you get any FHA loan with foreclosures??
Great Class!
Can a FHA203k be used to fund new construction?
So what if you don’t have any comps in the area if zone allow you to change a duplex into a quad?
Thank you! This was super helpful. Wish I'd seen it a few months ago! Any tips on how to find a good contractor and consultant??
Can the borrower act as a subcontractor and be "paid" by the GC?