Buying a multi family – Page 3 – Piggington's Econo-Almanac

This topic has 45 replies, 7 voices, and was last updated 14 years, 5 months ago by jyurasek02.

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August 6, 2009 at 9:51 AM #441742

Ash Housewares
Participant

Often times with multi-family the seller will be willing to provide financing. I don’t know if they’d do zero down but it’s worth asking.

July 2, 2010 at 9:14 AM #574775

jyurasek02
Participant

Anybody have any updates on current market conditions of multi-families? I am also interested in acquiring. What are the current lending criterias for these properties? Any of them penciling out?

4plexowner, I’m hoping you have some insight.

July 2, 2010 at 9:14 AM #574873

jyurasek02
Participant

Anybody have any updates on current market conditions of multi-families? I am also interested in acquiring. What are the current lending criterias for these properties? Any of them penciling out?

4plexowner, I’m hoping you have some insight.

July 2, 2010 at 9:14 AM #575802

jyurasek02
Participant

Anybody have any updates on current market conditions of multi-families? I am also interested in acquiring. What are the current lending criterias for these properties? Any of them penciling out?

4plexowner, I’m hoping you have some insight.

July 2, 2010 at 9:14 AM #575397

jyurasek02
Participant

Anybody have any updates on current market conditions of multi-families? I am also interested in acquiring. What are the current lending criterias for these properties? Any of them penciling out?

4plexowner, I’m hoping you have some insight.

July 2, 2010 at 9:14 AM #575504

jyurasek02
Participant

Anybody have any updates on current market conditions of multi-families? I am also interested in acquiring. What are the current lending criterias for these properties? Any of them penciling out?

4plexowner, I’m hoping you have some insight.

July 3, 2010 at 7:11 AM #575188

HLS
Participant

30 YR fixed Rates as low as 4.375% with a cost, for a 4-plex, with 1 unit owner occupied and 20% down. IF YOU QUALIFY.
With no points, the current 30YR rate is 4.875%
****
Without an owner occupied unit, with 25% down the no points rate is 5.375% OR you can buy down the rate and get 4.875% or lower.
****
Same rate on refi’s if you have the equity and can qualify..Pricing changes every day… HLS

July 3, 2010 at 7:11 AM #576119

HLS
Participant

30 YR fixed Rates as low as 4.375% with a cost, for a 4-plex, with 1 unit owner occupied and 20% down. IF YOU QUALIFY.
With no points, the current 30YR rate is 4.875%
****
Without an owner occupied unit, with 25% down the no points rate is 5.375% OR you can buy down the rate and get 4.875% or lower.
****
Same rate on refi’s if you have the equity and can qualify..Pricing changes every day… HLS

July 3, 2010 at 7:11 AM #575819

HLS
Participant

30 YR fixed Rates as low as 4.375% with a cost, for a 4-plex, with 1 unit owner occupied and 20% down. IF YOU QUALIFY.
With no points, the current 30YR rate is 4.875%
****
Without an owner occupied unit, with 25% down the no points rate is 5.375% OR you can buy down the rate and get 4.875% or lower.
****
Same rate on refi’s if you have the equity and can qualify..Pricing changes every day… HLS

July 3, 2010 at 7:11 AM #575713

HLS
Participant

30 YR fixed Rates as low as 4.375% with a cost, for a 4-plex, with 1 unit owner occupied and 20% down. IF YOU QUALIFY.
With no points, the current 30YR rate is 4.875%
****
Without an owner occupied unit, with 25% down the no points rate is 5.375% OR you can buy down the rate and get 4.875% or lower.
****
Same rate on refi’s if you have the equity and can qualify..Pricing changes every day… HLS

July 3, 2010 at 7:11 AM #575092

HLS
Participant

30 YR fixed Rates as low as 4.375% with a cost, for a 4-plex, with 1 unit owner occupied and 20% down. IF YOU QUALIFY.
With no points, the current 30YR rate is 4.875%
****
Without an owner occupied unit, with 25% down the no points rate is 5.375% OR you can buy down the rate and get 4.875% or lower.
****
Same rate on refi’s if you have the equity and can qualify..Pricing changes every day… HLS

July 3, 2010 at 12:05 PM #575783

jyurasek02
Participant

How about using the rental income as part of the income in qualifying for the loan?

Some people in the earlier posts of this thread state that you can use 50-75% of the rental income of the other units as personal income when qualifying for the total amount of the loan. Is this still valid in today’s market?

How about using this method on VA or FHA loans with less money down?

July 3, 2010 at 12:05 PM #575258

jyurasek02
Participant

How about using the rental income as part of the income in qualifying for the loan?

Some people in the earlier posts of this thread state that you can use 50-75% of the rental income of the other units as personal income when qualifying for the total amount of the loan. Is this still valid in today’s market?

How about using this method on VA or FHA loans with less money down?

July 3, 2010 at 12:05 PM #575162

jyurasek02
Participant

How about using the rental income as part of the income in qualifying for the loan?

Some people in the earlier posts of this thread state that you can use 50-75% of the rental income of the other units as personal income when qualifying for the total amount of the loan. Is this still valid in today’s market?

How about using this method on VA or FHA loans with less money down?

July 3, 2010 at 12:05 PM #575889

jyurasek02
Participant

How about using the rental income as part of the income in qualifying for the loan?

Some people in the earlier posts of this thread state that you can use 50-75% of the rental income of the other units as personal income when qualifying for the total amount of the loan. Is this still valid in today’s market?

How about using this method on VA or FHA loans with less money down?
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