Thanks for watching! If you have more questions, we prepared this blog with even more info covering as much as we could on financing multifamily properties: geni.us/LeYgd
@christaldeboer
Жыл бұрын
Great video! My first investment was Multifamily and next was self storage and I was off to the races! 🎉
@aftech7268
2 ай бұрын
Va loan u can buy a fourplex but u must occupy one of the units and rent the rest out- zero downpayment- and it provides protection for the veteran, low interest rate, it is by far the best loan out there
@jasonjosephlee
6 ай бұрын
Great video!! Investing in multifamily changed my life. Now I show people how I did it. Such a great way to plan for retirement.
@sammiienyc
Жыл бұрын
This video is underated. Almost all of my questions were answered.
@valoanguy
2 жыл бұрын
VA Loans no longer follow the county loan limits as of 2020 unless you're using entitlement again while keeping another home on a VA Loan
@Nikynook36
Жыл бұрын
Great Video... Partnership Loan/Unconventional Loan/1% Interest Gap doesn't matter.
@elizabethrenteria7206
2 жыл бұрын
Excellent video, Juan & Phoebe. Thank you for the great content and helpful info. 👍
@SageRealEstate
2 жыл бұрын
Thank you for the feedback Elizabeth! Our #1 goal is to always provide value. We are glad to hear that you liked it.
@JasooTv
Жыл бұрын
This is a great video. You answered every single question I had. Thanks!!
@speedygonzalez2381
Ай бұрын
wow this was very interesting and insightful, thank you for this content.
@SageRealEstate
Ай бұрын
Glad you enjoyed it!
@pufsinc3337
Жыл бұрын
I’ve heard the interest rates are going to go up, “March 2022” 😂😂. They sure did.
@randybates789
2 жыл бұрын
Love the time stamps!
@SageRealEstate
2 жыл бұрын
Thank you Randy
@nellielee6645
2 жыл бұрын
Thank you so much for such valuable information, you all have answered many of my questions!!!
@SageRealEstate
2 жыл бұрын
We are slo glad to hear this Nellie! Please let us know what other topics would be helpful to you!
@wes8986
Жыл бұрын
Awesome Content. For me the most critical piece of this is knowing..How do you "run the math" based on the number of investors you have in a deal (ex. More than 2 ppl) and how much equity they should get back based on the amount of money they invested and the profit the property generated while holding the asset and when the asset is sold?
@leyvad94
Жыл бұрын
Was thinking the same thing !
@jordancraig6076
2 жыл бұрын
I currently own 3 houses, all on a VA loan. You can buy a house with a VA loan and then another house 2 years later as long as you still have benefits. Have just one is incorrect.
@albundy3929
2 жыл бұрын
The seller carry financing is an interesting topic. Maybe a full video on the alone? Thanks!
@SageRealEstate
2 жыл бұрын
Great idea Al. We will see more seller carried notes as interest rates continue to rise. Thank you !
@johnnyb33good21
Жыл бұрын
Great video and explanations! I currently live in Arizona, I'm a realtor & investor out here with 45 multi-family units Phoenix Metro Market. I'm looking to take use FHA or my VA home loan to purchase out here in San Diego County a 2-4 unit property. That would be great if you guys went over property taxes, property insurance and even some of the Airbnb rules and regulations in San Diego County
@SageRealEstate
Жыл бұрын
Reach out to us. We have you covered.
@puertorockboxinggym5771
7 ай бұрын
Good video. I'm probably going to get into it in 2025. Its 2024 and Things may have Slightly changed since then but it's still a good educational video.
@SageRealEstate
7 ай бұрын
Hello glad you enjoyed our video whenever you're ready please feel free to reach out to us. We'd love to help.
@clintdempseyisgoat8829
2 жыл бұрын
Thanks for the video. Super informative 👌
@SageRealEstate
2 жыл бұрын
Thanks Clint 👊🏽
@leperemazouk
Жыл бұрын
I m following you I will need to buy multifamily home on and 2023 in GOD name. My credit is low now expect that go back up and of year .
@denisejones7545
2 жыл бұрын
Thank you for the update. Speaker focused on many LOW points of qualifications.
@lakailf
2 жыл бұрын
Great information.thank you
@Diane-xt2cz
Жыл бұрын
Great video. Thank you both! I'm interested in a fourplex & storage facilities.
@SageRealEstate
Жыл бұрын
Reach out to our team and we'd love to assist you.
@johngeorgewashington1416
Жыл бұрын
What if you are a veteran receiving Nontaxable income and don't file taxes..vets may receive VA disability and SSDI..
@tommieb5712
Жыл бұрын
The best thank you so much for all your video and helpful information just Gained yourself another subscriber
@SageRealEstate
Жыл бұрын
Awesome, thank you!
@xXLegit182Xx
Жыл бұрын
great video 👍🏼
@SageRealEstate
Жыл бұрын
Thank you! 👍
@jessicacardona5459
Жыл бұрын
This was such a great video! Thank you so much 😊
@adeonyreid8887
2 жыл бұрын
I love the content and teaching style. I have a question, if I’m looking to invest out of state, should I use a lender in the state I’m investing in or what matters is where ever I get the best terms ?
@mannydunson242
2 жыл бұрын
I hope this question is answered. I have the same question
@katwells6278
Жыл бұрын
I purchased investment property in Nashville, and I live in Los Angeles - it was a 103 exchange. I got an agent in Nashville and he has a lender in Nashville for my next purchase. I’m going to do the mid term rentals
@musicoverllife2
11 ай бұрын
Great video. Thank you!
@SageRealEstate
11 ай бұрын
Glad you liked it!
@YuggyAdventures
2 жыл бұрын
damn this is crazy I wish I researched this before, great content thank you!
@erikgarvin1031
Жыл бұрын
Love the video, I do have a question that I’m not sure was answered. My current home is on my VA loan and I would like to purchase a multi family to actually live in while my parents continue to live in my current home. I know that the VA Loan has limits, but my question is could I add a multi family on to my current VA loan without having to refinance my current home to start a new one?
@jacobruiz2402
Жыл бұрын
Check the VA Loan limit in your county, if you haven’t exceeded that limit then you can use the rest towards a multi family home. Keep in mind multi family homes are more expensive obviously, so you might have to come out of pocket for a down payment. If you exceed your VA Loan limit on the multi family home then you’ll typically have to pay %20 on the rest of the loan over the VA Loan limit. For example; the VA loan limit in your county is 1 million dollars and you’ve used 500k on your first home. You now have 500k left, so now say your looking at a 1 million dollar multi family home. You’ll have to come up with 100k (%20 of 500k) out of pocket to afford that multi family. If you can’t afford the down payment I’d recommend pulling some equity out of your current home to be able to afford it.
@waldeezee870
2 жыл бұрын
In the process of house searching for a multi- family. I’m in Atlanta and prices are crazy. I was thinking of going to SC or texas where prices are more favorable. Any tips or resources on how to run my numbers to make sure it’s a good investment? Thanks! Loved the video btw
@TheAceMoneyShow
2 жыл бұрын
Make sure your ROI is 10% or Higher depending on what you looking for. Know your numbers as well.
@BobbiVogel
2 жыл бұрын
SO HELPFUL!!!
@albundy3929
2 жыл бұрын
Very interesting topic. Watched the whole thing.Thanks for bringing a mortgage professional on the channel. She seems very neutral about going with an online lender while others will preach how going with like a quicken you're dealing with new licensees who don't know how to properly counsel buyers nor help you win a bidding war. What are your thoughts on online lenders as an agent representing buyers and sellers?
@SageRealEstate
2 жыл бұрын
Al, i'm OK with an online lender if that is where you can secure the best interest-rate. For me personally I like to know who the lender is because at the end of the day it's still a relationship business.
@Diane-xt2cz
Жыл бұрын
PMI (Private Mortgage Insurance.
@hemanth1072
8 ай бұрын
Great video, thank you for putting this together. I want to buy my first property (thinking of multi unit) in Chicago, can you help with this process. I am first time home buyer with great credit score and great job. I am actually open to discuss other cities as well. Is there anyway I can get in contact with you guys or someone you can recommend
@SageRealEstate
8 ай бұрын
Yes, absolutely. Check out our website. www.sageregroup.com
@marcelrodriguez2067
Жыл бұрын
Stable employment is my main issue as right now im working as a temporary in a luxury building in nyc making $25/hr. Once i enter permanent in 2 more months ill be at $33/hr. Knew of someone selling their 3 family house for 750k but without a stable income the bank wont give me the loan i need. And sadly the max i can do is the 3.5% fha but fuck that PMI.
@SageRealEstate
Жыл бұрын
PMI can be brutal at first. I've been able to refinance in later years to get rid of the PMI on my property. But at first it was the only way for me to be able to purchase the home.
@stanmoney8470
10 ай бұрын
I have a 5% interest rate now on my home. Id like to invest in multi family .I thought about tapping into my equity to purchase multi family, but i dont know if a cash out refi would raise my interest rate to an unaffordable amount. What do you think? My other option was money i got from another home in a divorce, but its only 21k. Im thinking thats not enough for closing cost and down payment. Which route you think is best with your experience??
@kennethporst4359
2 жыл бұрын
I'ma just throw this out there:: I wanna jump straight into a 240 unit class high B at age 30 👍 i can DO IT
@SageRealEstate
2 жыл бұрын
You could certainly achieve anything you set your mind to. All the best!
@AchillesNYC
2 жыл бұрын
Tisk Tisk... Lenders like to run your credit. I'm not about to ding my credit everytime I want to vet a vendor for my next purchase.
@stanmoney8470
Жыл бұрын
I was told fannie mae loans will only deal with you if you put it in your personal name.
@SageRealEstate
Жыл бұрын
It would be in your personal name.
@stanmoney8470
10 ай бұрын
How about DSCR loans? Are they good?
@stanmoney8470
Жыл бұрын
I have my down payment money and llc, next I need to get a business checking.I'm kind of wondering who will give me loan in my llc name. My downpayment money is sitting in a savings. when and should i move it too a business checking in my llc?
@jimnam4444
Жыл бұрын
Great video.
@brittanykelch69
Жыл бұрын
🤯🤯🤯🤯🤯🤯🤯🤯 needed this 📝
@SageRealEstate
Жыл бұрын
Thank you and wishing you the best!
@legendaryrscopridge
9 ай бұрын
Thanks for sharing
@SageRealEstate
9 ай бұрын
Thanks for watching!
@lbfaith
Жыл бұрын
Every person at a bank I’ve talked to said Pre-approvals are actual approvals. And they still run your credit with pre approvals. Is it different for a mortgage company?
@lbfaith
Жыл бұрын
So the seller carry back note like a land contract or a rent to buy type of thing?
@johngeorgewashington1416
Жыл бұрын
I want a owner occupied 3 or 4 family.
@Signsofcash
Жыл бұрын
I live in Rancho Cucamonga not far from long beach do you host meet ups?
@user-kl7cp6gh9s
Жыл бұрын
Is it bad ides to buy 1bed1bath 4 units? Please give me advise.
@SageRealEstate
Жыл бұрын
Not a bad idea at all. I own a 4 plex and all of the units are one bedroom.
@learnspanishwithlilia
Жыл бұрын
I would love to know if these questions and answers apply to Canadians' investors? I live and worked in Canada but I have social security on USA since I used to live there. recently, I sold my house in Miami, but I would like to invest in real estate. where should I contact you?
@SageRealEstate
Жыл бұрын
Hello, email phoebe@sageREGroup.com for all of your lending questions.
@boymom6137
Жыл бұрын
You asked all pertinent questions one would have regarding a investment loan. However, it was quite hard to watch her answer your questions, it seemed painful for her.
@SageRealEstate
Жыл бұрын
We are real estate professionals first. Being on camera is something new to us and we continue to improve and get better. Thank you for watching.
@markakins8036
2 жыл бұрын
Hi Sage. I currently have a VA home loan on my primary residence. I want to purchase a fourplex with a VA loan and move into it. Am I able to do that if I keep my current home under a VA loan and rent it out? Current loan limits in Pima county is 1,245,000 for a fourplex. Would they just subtract my my entitlement already used out of the 1,245,000 entitlement to buy a fourplex? Or do I need to refinance my current home into conventional or sale it prior to buying a fourplex?
@SageRealEstate
2 жыл бұрын
Hi Mark, We would need to refinance your current loan and free up your VA option for the 4 plex. We've helped others with this similar situation.
@Diane-xt2cz
Жыл бұрын
How do you two feel about PMI?
@SageRealEstate
Жыл бұрын
We try to avoid it when we can, and meaning we're going to put a bigger down payment. But if there's no other way, then, we believe that it's better to acquire as soon as possible than delaying the purchase of an appreciating asset.
@MarisolsAdventures
Жыл бұрын
What about transferring the loan into llc ?
@SageRealEstate
Жыл бұрын
One is able to transfer the title to an LLC but not the loan it will remain with the original applicant.
@pilsonandrew
2 жыл бұрын
Question, even though FHA opportunities are harder to find.. do you guys work outside LB? Anywhere in the surrounding areas?
@SageRealEstate
2 жыл бұрын
Hi Andrew yes we service Long Beach and all the surrounding cities. We also have affiliates state and nationwide should anyone need assistance out of the area.
@pilsonandrew
2 жыл бұрын
@@SageRealEstate thank you for your reply. Im keen into purchasing a fourplex with a FHA loan. I know its a little more complicated but I’ve been waiting for this downturn in hopes that I can find exactly what I am looking for. Is this something you could help me out with?
@fuckyovideos23
Жыл бұрын
@@SageRealEstate any affiliates in New York?
@ChrisBirdman
Жыл бұрын
Should be called “financing a four plex”. It’s a bit misleading to call it “multi family” as true multi family is 5+ or more units which is an entirely different process.
@SageRealEstate
Жыл бұрын
We consider one or more units Multifamily. 5+ units fall under commercial financing. We have that video coming out soon. Stay tuned.
@ChrisBirdman
Жыл бұрын
@@SageRealEstate thanks for replay! I’ll keep an eye out. Wasn’t trying to be an a** - just thought a better description would help others.
@jhimondhoward5255
Жыл бұрын
So is a mortgage broker going to run my credit ten times?
@SageRealEstate
Жыл бұрын
Once is enough.
@Hiul12345
Жыл бұрын
Can you help someone in Colorado?
@SageRealEstate
Жыл бұрын
We got you covered, send us a message. www.sageregroup.com
@JoshAllen702
2 жыл бұрын
How do I tap the equity in a 4plex? Nobody I've talked to will do a HELOC on an investment property and the one I found that would only would issue HELOC on single family homes. Cash out refis don't make since right now due to the interest
@SageRealEstate
2 жыл бұрын
Josh, This comes from our lender : I have only a fixed second - max two units for investment property and CLTV is credit score dependent but can go up to 90%. Call me if you have any questions. All the best!
@JoshAllen702
2 жыл бұрын
@@SageRealEstate thx for the update! Looks like I'll probably just have to sell to access the equity
@SageRealEstate
2 жыл бұрын
@@JoshAllen702 Where is your property located ?
@JoshAllen702
2 жыл бұрын
@@SageRealEstate Las Vegas, NV
@SageRealEstate
2 жыл бұрын
@@JoshAllen702 Josh let us know if you would like a referral to a local specialist for multi-family in your area.
@nellielee6645
2 жыл бұрын
I'm keep wanting to get a HELOC or refinance my primary home, to put down on my first single family or a fourplex. But I'm still not sure which would be best, what's your take on that?
@SageRealEstate
2 жыл бұрын
We do recommend a HELOC to help with down payment on rental units. Just don't over extend yourself.
@msdjones30
Жыл бұрын
FHA
@Lovepinkdress
Жыл бұрын
And here we are at 7% interest ugh
@allisononyoutube5794
2 жыл бұрын
🏠💰
@kylemckiernan1445
11 ай бұрын
Lol talking about 4.5% and now we're at 8% 💀
@SageRealEstate
11 ай бұрын
The market rate shifting is out of our control. At the time of filming this was the rate. Thanks for watching and commenting.
@MarlonBrandon_
Жыл бұрын
This was a great video and interview. All information is here and the questions i had were all answered. Thanks
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