How-To Get Government $$$ to buy your FIRST Apartment Complex - Real Estate Investing for Beginners

In this video I talk about the government program that lends people money to buy multi-family real estate and will EVEN PAY FOR THE REHAB.

There ARE limits on the size of the loan, for instance in my part of Ohio it's $718,750. If you're wanting to buy in LA for instance they will loan up to $1,472,550.

The FHA program, along with the 203k repair program and its ability to allow a person to purchase up to a 4-family complex is a pretty awesome tool to utilize to get into real estate investing. Please note that you'll have to live there for at least 12 months, which at point you're eligible to move out. As mentioned, I met one ultra-bright guy who went through the program, and hacked the heck out of his nice 4plex, eventually refinancing it and turning it into a 8 unit apartment complex with AirBnB Sublets, making $20,000+ per month on the whole project all while still getting the property with almost no money down.

I have laundromats down to a science. If you want to do laundromats as well click the link:

[mecheckraise]

Apartments can be really nice if a person can be there to do daily maintenance and slowly upgrade like custom paint.
I bought a 6-plex for $26, 000 cash last year and get $2050 a month gross and I pay water and sewer for about $200.
I bought a triplex for $12, 000 cash about 3 1/2 years ago for $12, 000 and gross about $1000 a month.
Yes it can be done. Yes. Just doing one or two can change your life. For $3000 gross and say you only net $2500 a young person could have a new car payment, car insurance, housing, and maybe more for life. Wish I had these skills at 20.

[PJThompson]

This is really helping me plan the next 6 years before I turn 18

[ReeceIovine]

Bought a duplex in the Columbus OSU campus area last year. It was a steal at 280k 😂😂😂 all of Columbus is so expensive. But that duplex had a lot of value add, so worth it if you can use these low down payment options!

[ccriscan]

Just found this video Brandon! I would have no idea that such programs for first time home buyers exist. Definitely will have to keep this in mind in a couple years when I buy my first house once I'm out of college. It's crazy that this video got so little views compared to some of your other ones as theses are the videos that will put people on the road to financial independence. I just wanted you to know that there are people that do truly benefit from these videos that don't get as many views but teaches/talks about practical methods to get started. Thanks so much!

[PgwmattBlogspot]

I’m going to be honest here. You a seriously the most genuine guy I have ever seen on YouTube! You make me proud to be an Ohioan! Great stuff and thank you for the resources. I was looking into real estate investing here in Cleveland.

[donlotto]

This was a really good video bro!👍🏿 I never thought about turning a regular home or apartment into a bigger multifamily. Now you have me researching "how to's" online. Please keep up the good work you inspire me, and my wife and I love your videos 📹

[chiwar]

VA loan is 0% down and for a single veteran, it's up to 4 units. If it's a dual veteran couple or veteran partners, it can be the housing units AND a commercial unit.

[josedeleon]

This was awesome! Explained simple enough for the noobs like me. Thank you for all the info!

[covalentbond]

If heaven exists people like you deserve among the highest ranks of that place, god bless you for sharing knowledge

[brianellis]

Enjoy these longer videos! Great info, I got a fancy bachelors degree in business and they never taught me anything about how to buy a house or how to make money in the real world. Honestly, it was just a fancy piece of paper. I'm 37 and I wish I had done something like this 10 years ago or seen a video about how to do it. Still a renter, but want to do this exact thing now for myself! I got laid off recently, and it's my understanding that you can't get a loan if your not employed lol

[MrZola]

Great material. I will go check out your other long format material.

[THELASTISDP]

Brandon you're a awesome person and resource from my POV. Thank you Sir

[johnhoffy]

Love watching your videos. I really want to work towards owning alot of property.

[Notary-fingerprintboss]

Omg! I was just thinking to ask my realtor about the 203K loans today

[JoAnnaPriestIsGreat]

New here! Thanks for the long for videos. They help me dive deep and learn more quickly

[mariamontes]

Bless you for sharing such valuable data!

[thedividendguy]

I love the long format. Love the details. Although, the excel screen was quite hard to read at the end. Thank you for all the information Brandon!

[angelfrankenfine]

lol I havent heard the term "rocket surgeon" since I was a medic in the Army. we said that phrase all the time :)

[crazyish]

You're so right -it's funny how this is considered a modern thing "house hacking", when my grandma is exactly one of those older ladies who did this decades ago. Nothing new really. Time to do it for myself now!

[EthanWilson]

This long form video style is the best