Financing a Multifamily Property (Duplex, Triplex, Fourplex): Everything You Need to Know!

Want to start investing in multifamily real estate by financing a property but feel confused? This video covers everything you need to know when it comes to financing a duplex, triplex, or fourplex in 2022.

0:00 - Introduction to Financing Multifamily Properties
1:49 - How to prepare before speaking with a mortgage broker
2:58 - How much does it cost to qualify for a mortgage loan?
3:39 - What do I need to provide for income verification?
4:12 - How long does it take to get pre-approved for a mortgage loan?
4:30 - What is the difference between pre-qualification and pre-approval?
5:27 - How much down payment is needed for a multifamily property?
5:52 - Is it possible to buy a fourplex with less than 25% down payment?
6:45 - What is the difference between owner-occupied interest rate and investment interest rate?
7:55 - How do interest rates affect my mortgage payment?
8:35 - Interest Rates in 2022
9:14 - Is it possible to buy multifamily properties with other people?
10:56 - How does my credit score impact my mortgage loan?
11:58 - Does income from other units factor into income qualification?
12:48 - Buying Properties with Zero Down Payment Through VA Loans
15:54 - New 2022 Updates on Multifamily Mortgage Loans
16:39 - What is the difference between various loan providers?
18:21 - Is it necessary to work with a mortgage broker?
19:38 - What are the benefits of working with a mortgage broker?
20:20 - How is Fannie Mae and Freddie Mac relevant to mortgage loans?
21:28 - What are the other non-conventional financing options?
23:24 - What is a hard money lender?
26:21 - What is a private party loan?
29:15 - What is a seller carry-back note?
31:33 - How many mortgage loans can an individual have?
32:28 - Why is a conventional mortgage loan the best option?
34:33 - What is the maximum loan limit someone can borrow?
35:24 - Is it still a good time to refinance my property in 2022?
39:46 - Can I qualify for a mortgage using other investment income?
40:55 - Conclusion and Final Takeaways

#RealEstateInvesting #multifamilyrealestate #realestate #realestatefinancing
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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.

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[christaldeboer]

Great video! My first investment was Multifamily and next was self storage and I was off to the races! 🎉

[sammiienyc]

This video is underated. Almost all of my questions were answered.

[jasonjosephlee]

Great video!! Investing in multifamily changed my life. Now I show people how I did it. Such a great way to plan for retirement.

[aftech]

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

[Nikynook]

Great Video... Partnership Loan/Unconventional Loan/1% Interest Gap doesn't matter.

[elizabethrenteria]

Excellent video, Juan & Phoebe. Thank you for the great content and helpful info. 👍

[speedygonzalez]

wow this was very interesting and insightful, thank you for this content.

[valoanguy]

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

[johngeorgewashington]

What if you are a veteran receiving Nontaxable income and don't file taxes..vets may receive VA disability and SSDI..

[MarlonBrandon_]

This was a great video and interview. All information is here and the questions i had were all answered. Thanks

[FabolousPlayer]

Thanks for the video. Super informative 👌

[Diane-xtcz]

Great video. Thank you both! I'm interested in a fourplex & storage facilities.

[nellielee]

Thank you so much for such valuable information, you all have answered many of my questions!!!

[johnnybgood]

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

[jordancraig]

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.

[wes]

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?

[erikgarvin]

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?

[tommieb]

The best thank you so much for all your video and helpful information just Gained yourself another subscriber

[adeonyreid]

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 ?

[albundy]

The seller carry financing is an interesting topic. Maybe a full video on the alone? Thanks!