Basic Steps to Buying Multifamily Properties for First-Time Real Estate Investors

Buying a multifamily property or apartment building for the first time can be very tricky and confusing. Here are the basic steps you need to take when buying your first multifamily investment property, as explained by top real estate professionals.
#RealEstateInvesting
--------------------------------
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.
Basic Steps to Buying Multifamily Properties for First-Time Real Estate Investors
BRE 01417642​​​
www.SageREGroup.com
Follow me on social media:
Instagram: / multifamilylongbeach
Facebook: / sageregroup
LinkedIn: / juanhuizar-sagerealestate

[@SageRealEstate]

Thanks for watching! Before you talk to a real estate agent/broker, you need to secure multifamily financing. Here's a blog post for you that covers that entire topic: geni.us/LeYgd

[@maxmeattle3376]

These guys are pump and dump people. They are giving a one sided view where everything is wow wow.

[@SageRealEstate]

@@maxmeattle3376 real estate investing is still the most reliable investment out there. Nothing will change that. Thank you for tuning in.

[@pbdmd3688]

Just watched this video! Nice work Juan and Caleb. I’ve invested in 2 single family homes. Was about to put offer for 3rd single family but heard it’s better to invest in multi for better ROI. Honestly I’m totally newbee in multi. Questions- 1. The steps you talked in video- how are they different from Syndication? 2. What’s a better strategy? Investing with a syndicator or invest like what you suggested here? If you can highlight on pros-cons of each. Thanks !

[@sofiaallen3268]

You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires. I pray that anyone who reads this will be successful in life

[@nathanbaker6632]

Starting early is the best way of getting ahead to build wealth, investing remains a priority.

[@brandonhoward3367]

People prefer to spend money on liabilities , Rather than investing in assets and be very profitable.

[@dakshrodas2241]

@@brandonhoward3367 You are correct. Save. Invest and spend for necessities and a few small luxuries relatives to total assets ratio

[@worfganbitterlich3825]

I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted, I became more better the moment I realized this.

[@scarlettoliver210]

All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses

[@joewhisney1113]

Juan this is next level content. I’m beginning the research phase of learning the process for multi family investing. This is super helpful, keep crushing it!

[@SageRealEstate]

Hey bud, Hope all is well. Let's meet up soon.

[@MACKMORRIS83]

Great stuff! Thank you, both. Subscribed!

[@SageRealEstate]

Thank you for watching! If there is anything else you would like us to cover, let us know here in the comments 😎

[@amymahadevan7092]

It's great to see like minded investor agents, very difficult to find. I've interviewed many agents that claim they have experience however it becomes evident their knowledge in the investment arena is limited. Excellent, valuable information.

[@SageRealEstate]

Hello Amy, Thank you so much for the kind words.

[@cyberla]

Great video! Just subscribed to your channel! Thanks!

[@prasathcs7377]

Best video for first time investors.

[@SageRealEstate]

Thank you for tuning in. Let us know if there is anything else you’d like for us to cover.

[@erbconsult]

Love your video. Question: why wouldn’t you suggest buying in the name of an LLC and letting the deal secure the loan vs you personally?

[@jaimemartinez217]

I was lucky enough to stumble across this video today. Valuable information that’s easy to understand. I’ll definitely be making notes and calling these guys. Real people, who actually own real estate in Long Beach! Keep it up guys. I appreciate your videos.

[@SageRealEstate]

Thank you Jaime.

[@dirodrigo9664]

Thanks for all the info Juan! Do you have any broker referral for NY?

[@rayfinkle9369]

Just found this channel and I'm immediately impressed. Subbed! Also, I have a couple questions... 1. All I hear is how great and easy it is to make money. How are ways you can LOSE money? Market crashes, repairs? Can this bankrupt the owner, or is it normally just a massive headache? 2. If I want to buy in a prime location, will my percentage of winning the deal be low since I'd be new and the "big boys" would probably be all on it? Thanks!

[@SageRealEstate]

Hey Ray! Thank you so much for the sub! Great questions: 1. Real estate is by far one of the safest investments you can make. In fact, in the last 5 recessions, property values have increased in 3 of them! 2. The competitiveness of a deal depends on the location and type of property you are pursuing. Every opportunity is different and there are many creative ways to make your offer stand out! If there is any other content topics you'd like us to cover, please let us know!

[@rayfinkle9369]

@@SageRealEstate That was quick, thanks! Although, you didn't really tell me the downside. lol That's ok, I know holding long term is a winner. I just want to be aware of all the obstacles so I don't get scared out. Love the channel and your Instagram. Have a good one.

[@louisabenitah8673]

@@SageRealEstate what are you saying here, its confusing

[@amp7816]

The party that walks away with nothing but long term consequences in the event of a default or foreclosure is the party with the most risk. Banks never lose because they have their loan secured to real property. They can walk away with the property and resell to someone else as wells as other options. Whereas, the borrower gets kicked out, loses his downpayment and built up equity (if any), plus a damaged FICO that stays with them for several years. Buyer assumes all risks.

[@SageRealEstate]

Great observation! You are right, banks are very good at protecting themselves. Thankfully here in Southern California there is a massive housing shortage, making owning apartments a very safe investment for the Buyer. Apartments are always in high demand so vacancies are filled up quickly. With a sound investment strategy, the risk of default is virtually elimanated.

[@isabellaleavines5918]

I went throw going what do I wanna do. I decided to do what my mom does own house. And fix them up. I am so excited to learn how to do this. Not only for me but as a family.

[@SageRealEstate]

That is a great strategy!!

[@ashleysway]

Can you recommend a similar program in the DMV area? I’m in the beginning stages and doing my research but I appreciate how you explain everything and would like a similar program on the East coast.

[@roseannakyle1275]

Hi, thank you so much for all the information! Do you always buy a Multi-family from a Bank or is Hard Money a better option? And is it possible to find someone who does 2nd position on these type of loans to complete the sale? Thanks! 😊

[@SageRealEstate]

Bank financing is best as we love 30 year fixed mortgages. Hard money is necessary on tougher deals, best to partner up with someone with lots of experience.

[@hannahaficionado6515]

Thank you for sharing this information! What is your opinion on a first time investor living in one of the units?

[@SageRealEstate]

We strongly advise to do this.

[@preciousou9965]

hey! love the video just subscribed! I was wondering if you know any agents in Sacramento, Ca!? Would really love to buy a multi family and make my first deal

[@wellcapital8342]

Love the value added from you guys!

[@SageRealEstate]

Thank you ! More videos coming soon.

[@Adams52523]

Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I began investing in stocks and Def earlier this year and it is the best choice I've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you're quite late to the party, the idea is to get in early on blue chips before it becomes public.There are lots of life changing opportunities in the market, maximize it

[@doriradden483]

What opportunities are there in the market and how do I profit from it?

[@1Azul_wells]

​@@doriradden483You can make a lot of money from the market reg ardless of whether it strengthens or crashes. The key is to be well positioned.

[@warringtontoni]

​@MichaelPraise-bm3dmAll you need is a good capital and the service of a professional broker, with those your investment will most certainly produce high yields.

[@warringtontoni]

I would suggest Patricia strain, my current broker. Her services are excellent and her returns are great. I looked her up after seeing her on a CNBC market interview

[@ono4287]

Awesome value add video! Currently in San Diego looking for in state and out of state resources to make my first deal this year. I’d love some references outside of my current real estate friend network.

[@SageRealEstate]

We have broker affiliates nationwide. Feel free to send us a message 562-400-7622.

[@louisabenitah8673]

@@SageRealEstate do you have connections in Toronto, I am making investments in property but don't know where to buy.

[@Chris-xu6wy]

great video, i am wondering if you would know if people like me from Australia purchase property in the US? I currently own 3 properties here in Australia one being our PPOR and 2 investment properties. i was interested in multi family property and how it would work as at the moment i need cashflow. Regards Chris

[@miarandall1957]

Do you have any agents your suggest for multiunit properties in Delaware and Pennsylvania?

[@kathyhabick6582]

Great video! Do you know agents in the NYC area? Similar to what you do? It will be my first property.

[@SageRealEstate]

Hi Kathy! We can certainly connect you with a broker in NYC. Please send us a text to 562-400-7622

[@alexmode8129]

Great video, I'm in the military and will be transferring to the June. I saw your last video about the VA loan and buying multi-family and been excited about buying one. I'm looking for an agent who knows the Boston/Cap cod area.

[@SageRealEstate]

Hi Alex, We would love to connect you with a knowledgeable agent in that area. What's the best number to reach you at as we will need to ask you a few more questions so we can best refer you?

[@alexmode8129]

@@SageRealEstate hey 👋 thank you for the reply. I have sent you an email. Don't want to put my phone number on here just in case random people want play a joke .

[@MillennialMike]

just helped my girlfriend by her first DUPLEX as a house hack using the VA loan. closed on it yesterday. she is thrilled. Her mortgage payment will be 75% covered by the tenants and she'll be paying very little to live

[@kanishadillard8934]

Hello! Thank you so much for taking the time to do this great video! I will be relocating to Columbus, Ohio from California very soon and would love to connect with some great brokers there to purchase multi-family real estate. Hope to hear back from you soon!

[@SageRealEstate]

Hi Kanisha! Thank you for taking the time to leave a comment. We are glad you found this valuable. Send us an email at [e-mail] and we can get the ball rolling!

[@richddr]

Hey Juan, great informative video! I'm east coast based, looking to start multifamily investing in Massachusetts, do you have any affiliates you'd recommend in the area that are tailored for real estate investors (ideally heavily experienced in multifamilies)?

[@SageRealEstate]

Hello Rich, please send us an email and we can get started with this process.

[@Ling_Ling-ls9cg]

Do you have any realtor suggestions for Cincinnati? I’m wanting to live in the building to is that okay?

[@sumar786]

Great video gentlemen, quick question. You submit an offer, the seller accepts. Now you have attorney review and inspection period. You hire an attorney and inspection, who pays for that? If the inspection comes back bad and you back out of the property. Are you still stuck with bills for attorney and inspection?

[@SageRealEstate]

You would be responsible, the cost is nominal . Most don't hire an attorney though.

[@juanacerna4079]

hi, I stumbled across your video and after watching I was intrigued on the effort put into helping an investor from start to finish it would be amazing to get the proper guidance as a newbie investor. Would love to know more about your services. i'm from the Bay Area do you guys work out here or have connections this way ? Thank you !

[@SageRealEstate]

Hello Juana, Congratulations to you for wanting to get started in your investment journey. We'd like to learn a little bit more about you and your goals so that we can best refer you to a trusted affiliate. Call or text us at 562-400-7622

[@lolod8655]

Hello. This is very informative. Am seriously thinking about getting my first multifamily unit. I have been watching a lot of videos but am really convinced now after watching this video. How do I get your contact, please?

[@SageRealEstate]

Thank you ! When you are ready to learn more feel free to call us 562-400-7622.

[@concettamorabito5243]

Do you have any mulitfamily brokers you'd recommend in upstate NY? Ulster county (but not limited to) area.

[@MrEbinit2000]

What do you think of buying multi unit home as first home and to live in one unit . Also you know any good agents in volusia county Florida?

[@SageRealEstate]

Hello, we do have an agent in the area. Please call us at 562-810-0970 so we can take down your information and refer you.

[@stanmoney8470]

I want to invest in a turn key multi family in the Cleveland area. I just got an LLC done by a attorney. I own a home. But im wondering if the money i have for down payment will be enough for closing cost as well?? What if im short? Should i just do a cash out refy or equity loan?

[@julianperez2618]

Extremely helpful video well done and professional. I now know where I’m going to do my family investing. I also couldn’t keep my eyes off of the handsome white guy.

[@SageRealEstate]

Ha, some would say a young Gavin Newsom.

[@stanmoney8470]

A condo maybe a good investment if you find one that's not so expensive and the HOA is not high as hell!

[@SageRealEstate]

My first purchase ever was a condo. Like everything else it increased in value. It gave me the downpayment I needed for my first triplex.

[@Nathan-12]

Any recommendations of brokers in the Berkeley and South Bay (Palo Alto) area?

[@stanmoney8470]

Is a DSCR loan a good way to go?

[@cynthiaherson2510]

I live in a multifamily unit and it's owned by the City of WS. I don't want to be forced to move so how can I present an offer to purchase my building, taking it out of their hands and manage it myself.

[@Jessdidit]

Do you do courses teaching this and also how to get sponsor’s for first time buyers and getting investors?

[@SageRealEstate]

Hello Jessica, We are creating a Real Estate Investor Acceleration Program. Text us your email address and we'd be glad to add you to our interest list. 562-400-7622

[@Zackp101]

Need someone like you all to work with in Oklahoma!

[@SageRealEstate]

Zack, Please let me know what part of Oklahoma. Also send us a text or give us a call at this number so we can learn more about your search criteria. 562-400-7622 Thanks

[@stanmoney8470]

I recently got an llc in wyoming. I live down south,but i want to purchase multi family up North.I like the anomity wyoming has. The state i'm looking to purchase in, a lender told me he could only do one in my name. He said to try a bank in my community. How can i get a loan in my LLC name?

[@boudicca7070]

Great content. SUB! Questions: 1. Have you come across seller financing instead of going through the traditional lender? 2. Do I need LLC as an investor?

[@SageRealEstate]

Thanks so much for the sub! Here are some quick answers to your questions: 1. Yes! Seller-financing is certainly a viable option in many cases. There are a lot of benefits of seller-financing for both the buyer and the seller. 2. No, you do not necessarily need an LLC, but it certainly does not hurt. Every investor is different but a large percentage of the investors that we work with own properties as individuals.

[@MillennialMike]

great question and somewhat controversial on the LLC at least. i own 10 properties i've purchased over the last 4 years. I have no LLC's some people like to have them for a list of reasons. However it is technically NOT necessary and you don't need one to buy properties. as for seller financing, i've done a few seller financing deals and they are the HOLY GRAIL of real estate investing. However it is tough to find these deals. It is a little easier lately because with high interest rates the only way some sellers are getting the price they want is if they assist in the financing for the buyer. hit me up if you have any more questions.

[@roopapriya7159]

Thanks for the invaluable response. I came across this video and saw your response. I was told that having llc is useful when some one tries to sue , it's covered a bit your whole asset vs llc one (could be the single asset ) Technically each asset goes under an llc. Also not sure of tax benefits of having llc owned property.

[@MillennialMike]

@@roopapriya7159 there are no tax benefits when you have an LLC versus not having an LLC. I interviewed my CPA tax preparer on my KZbin channel here is the 10-minute interview at this link right here he will explain to you how the LLC is only a asset protection entity and technically a disregarded entity by the IRS kzbin.info/www/bejne/qXaWoGhnn72frrc Most of the large investors that I talked to don't have llc's they use the combination of making sure they're good landlords and having an umbrella insurance policy on top of their already existing insurance policy for each rental they own. I do the same

[@r.and.s.23]

@@MillennialMike What is your opinion on buying a multi-family home as a first time buyer?

[@rainieday9474]

Is it true that if you own even one acre of land that a bank is more apt to finance your home because you already own the land? Not necessarily based on your credit?

[@SageRealEstate]

Hello! Thank you for your comment. Yes, this is correct. One acre of vacant land is considered to be more risky for a bank to give a loan on versus a house.

[@stevenanderson3386]

Hi I’m newer investor been investing in Realestate part time for about 6 years and have a portfolio of 5 houses and 1 commercial automotive property with 12 units total. I Have a decent 18unit apartment building I’m looking at off market and need a private money lender to help with down payment and rehab. Any recommendations would be much appreciated.

[@alainastorino5704]

I want to get an apartment complex but I want to use Asset Based Lending !!!!! Do you help with that?? Thx……

[@SageRealEstate]

Hello feel free to use whatever lending institution you like. If you want to be referred to an excellent multifamily agent in your area let us know where feel free to text this number. 562-307-0838

[@wbespinoza10]

I am in oklahoma where do I go to get a good agent for 1st multifamily

[@theodoreroberts3407]

What has held me back is lack of knowledge. I bought two Barron's books on real estate, because I'm tired of waiting and I haven't found a mentor. My goal is living in one of the units. I don't want to flip or anything else,.right now..I need a place to live and an asset.

[@SageRealEstate]

We hope our channel will help provide some guidance. Feel free to reach out to us. Thanks !

[@theodoreroberts3407]

@@SageRealEstate Thank you, I will. People don't seem to understand,. I'm saying what I want and instead of helping me, they try to talk me out of it. If they have good reason, express why I should buy a single and take all the bills. How does that help me? Liability versus asset.

[@coronaplumbing5]

Good information !! Im a builder in the houston area. I have a couple house for sale in case you’re looking for inventory .

[@SageRealEstate]

Please give us the details ? Our channel is about building wealth through investing in real estate!

[@djadammorgan]

Brokers in Dallas/Fort Worth you recommend?

[@SageRealEstate]

Yes. Please let us know what you are in the market for. www.sageregroup.com/youtube

[@Thejasonrogers]

I’m not a fan of stocks but what you said is incorrect 1:00 yes you can leverage with stocks you can take out what’s called margin to buy stock with debt.

[@talie8563]

Which state or city you think is the best to invest in multifamily? And do you have an agent or referral for that city. Thanks In advance

[@SageRealEstate]

Hi Talie! Thanks for your question. There are so many great options out there. We always recommend purchasing something close to where you live so you can check on the property. If you email us at [e-mail] we can get you connected with a lender and expert in your area.

[@theplatinumchannel6087]

I would advise Southern states where most people are moving to, generally lower taxes and lower cost of living, and much less snow and ice!

[@liltr3ay]

Do you all have connections in Arkansas? I'm definitely interested because I'm stuck.

[@SageRealEstate]

We'd love to help. There are a few questions to ask so we can best refer you. Please send us an email [e-mail]

[@Blue-ov6lu]

Do you do any deals in Arizona?

[@SageRealEstate]

We can refer you to an affiliate of ours there. Please feel free to reach out to us.

[@AAA-vk9vp]

I would like to sell my home and build a quadplex.. I just have mo idea where to start or who to talk to

[@SageRealEstate]

Feel free to reach out to us. We'd like to help.

[@sierrasanchez3377]

Do you know agents in New Mexico that you recommend?

[@SageRealEstate]

Sierra, We got you covered in New Mexico. Send us a text at 562-400-7622

[@yazmingaray7192]

Hello,I like to know if you would be able to help if we are in another state,like Houston Tx

[@SageRealEstate]

Yes of course. Send me an email I have a few questions so I can beat refer you.

[@WilliamPThan]

I need some advice, i am thinking of buying the first 3-4 family house as my first house. My morgage broker told me i need to put 25% down, do you know any banks or lenders would do less than 20%? Thank you

[@SageRealEstate]

Hi William, we can certainly connect you with a lender that can help. Please text us your name and email to 562-400-7622.

[@effff327]

FHA or fha 305k is 3.5% there I saved you $1000’s in consultations and being taken advantage of from the loan officer

[@yasminelizabeth123]

Hii!! Any brokers in Arizona that you would suggest?

[@SageRealEstate]

Hello, Yes we have you covered. Please email us.

[@lloydjusgordon5501]

I'm in Wisconsin need some help with my first property.

[@SageRealEstate]

Lloyd, We got you covered. We will need some more details to properly refer you. Either send us an email : [e-mail] or send us a text 562-307-0838

[@Mel-mm4ux]

Do you guys know any agents in Houston, Tx?

[@SageRealEstate]

Yes, please send us an email and we will connect with the right person out in Houston.

[@cynthiapeebles9890]

Very valuable information, Thank you very much. Could you refer me to an agent in Charlotte, NC. I currently have three tenants in my single family home property and I also have another rental property that is a single family. I am very interested in acquiring a multi family residence. Any assistance will be greatly appreciated.

[@SageRealEstate]

Hello, yes we have covered please send us a text at 559-707-2136. We need to learn more to best refer you.

[@jennifera7773]

Great Video! I'm looking for brokers in NJ?

[@SageRealEstate]

Hi Jennifer! We can certainly connect you with a broker in NJ. Please send us a text to 562-400-7622

[@ccdoes1841]

Contacts in Austin? Looking in that market.

[@SageRealEstate]

Hello we have some great referral partners in Austin. In order to best serve you can you please reach out to us so that we could learn about where you were at in the process. [e-mail] 562-307-0838

[@Akilasgood]

Can an person on immigrant visa buy multi-family property ?

[@louisabenitah8673]

Can you refer me to a broker who knows there stuffing Toronto. I have the income to invest, but can pull the trigger. I am primary interested in triplex buildings.

[@SageRealEstate]

Hi Louisa! We would love to help. Please email us at [e-mail] or text us at 562-400-7622 and we can assist further.

[@usctrojan2050]

Juan, are you a USC Alum? You look familiar. What year?

[@SageRealEstate]

Ramon, unfortunately I'm not a Trojan. I attended CSULB I received a degree in accountancy.

[@rajasekhargundapaneni9550]

Do you suggest any agent in Austin Texas?

[@SageRealEstate]

Hello! Thanks for your comment. Please email us at [e-mail] and we can discuss this further!

[@ernestenockdavis415]

Hello do you know a good multi family realtor in the northern Charlotte NC area

[@SageRealEstate]

Hello Ernest. We can certainly connect you with a good agent in Charlotte! Please send us an email to [e-mail]

[@ednasolis2430]

I always wanted to buy my house, yet here I am still with no house of my own I’ve decided that I want to invest into a multi family property as my first investment. I know there’s tons of great ways to get in there and would love your assistance. How can I go about contacting you.

[@SageRealEstate]

Hello Edna, Call our office 562-400-7622 We'd be glad to help.

[@MillennialMike]

house hacking you are absolutely on the right track, i started with a house hack 4 years ago. best financial decision i ever made and now i have 10 rental units and a ton of cash flow. i'm closing in on financial freedom and retiring early all because i started house hacking 4 years ago. feel free to reach out sometime because i'm happy to help you in any way i can. good luck. definitely get started in small multifamily with a househack investment property

[@stanmoney8470]

Do you guys work in the Cleveland Ohio area?

[@SageRealEstate]

Hi Stan, Yes we got you covered in Cleveland. Please shoot us an email.

[@kowshikdas5298]

You guys don't tell about if anyone don't pay rent.. you need minimum 3 months to evict them without any rent. If they destroy your property. It's bonus!

[@narayanhill9832]

Best banks to get funding from???

[@SageRealEstate]

Hello! Thanks for your question. In many cases, a mortgage broker will be able to get you the best rate, as they can shop the market for all available funding sources.

[@WestbrookOriginals]

What if you already have a house loan? Can I still be eligible to open a new investment?

[@SageRealEstate]

Hi there! You can get an investment loan, but the down payment will be much higher. If you rent out your house and purchase another property to live in, then yes you can get another primary residence loan.

[@abrahamzahir6649]

Caleb reminds me of Miles Teller

[@TheUnconventionalMan]

What they fail to mention in this video about the property doubling in value is inflation. Your property is not "doubling in value." The currency is just losing value. The more the gov't prints money.

[@Ace-ht1is]

I heard it's absolutely a nightmare owning a multifamily, especially in California. What's your opinion?

[@Rixchidtx]

Hello brother I am out in Dallas Texas anyone you can recommend in the area ?

[@SageRealEstate]

Hello, can you please email me. I need to ask a few questions so that I could best refer you.

[@Rixchidtx]

@@SageRealEstate yes sir what’s a good email?

[@chrystalalires4134]

Hello. Do you have anyone in Albuquerque NM who specializes in multi-family homes sales?

[@MrIsaacpr7]

Do you know anyone who specializes in multi family homes in the Orlando area?

[@pinpointresourcellc8861]

Should I do LLC

[@SageRealEstate]

You can but we know plenty of folks that own a lot of properties and don't have an LLC.

[@stanmoney8470]

One good home inspector can do that.

[@Bettor_Coupons_Sportsbook]

It’s a long shot. But who specializes in multi family sales in Providence, Rhode Island.

[@SageRealEstate]

Hi James we have affiliates nationwide will reach out and find you someone in that area here's our phone number. 562-400-7622

[@ewlinitis]

So what you're saying is , if I have $200k to invest and my goal is to buy 2 multifamily in the next 2 years , my first property i should do an FHA loan live in it for at least 2 years this and save the rest of the money to invest in the 2nd multifamily with a conventional loan. Am I on the right track here ? Thanks

[@innerpeaceandselflove]

Sounds like a great plan!

[@SageRealEstate]

Yes, you are certainly on the right track. Let us know if you would like us to connect you with a lender that can assist. [e-mail]

[@effff327]

No you can do the fha twice then the 3rd property needs to be conventional

[@MillennialMike]

that is one strategy, you could also live in it for 2 years and then buy another one with owner occupied financing for as little as 5% down just 2 years later. you can qualify for another owner occupied loan every 2 years and sometimes every 1 year depending. just check with your lender. i've house hacked for 4 years now. up to 10 properties now

[@talie8563]

How can we reach out to your team?

[@SageRealEstate]

Hello Talie, Please email us at [e-mail]

[@stanmoney8470]

What area of the country are you?

[@diesel81937]

are you guys located in california?

[@SageRealEstate]

Hi Dan, We are located in Long Beach, CA We do have designated nationwide affiliates in case if you're out of the area and looking to be referred to a professional. Feel free to reach out to us we'd love to help.

[@tiltilfing]

Do you guys have anyone in Vancouver Canada?

[@SageRealEstate]

We definitely have contacts in Vancouver. Please let us know how many units you are interested in buying.

[@tiltilfing]

@@SageRealEstate I don't have a preference right now. It'll be my first time looking into multifamily.

[@e.williams13]

Who pays for all of these inspections?

[@ms.bambibby670]

How can I get in contact with one of you?

[@SageRealEstate]

Hello, Call our office line 562-400-7622

[@chadfungus]

Do you guys work in New York

[@SageRealEstate]

Hi Joel, We have an excellent affiliate agent that we work with in New York. please send us a quick email we like to learn a little bit more about you so that we could best refer you. [e-mail]

[@rainieday9474]

We thought we were buying a multipurpose building for 100,000 at $1000 a mo for 9 years it was a land purchase contract well we moved in and started revamping the building and the entire time from the first few days we had a design team call us and ask if we had decided what we would be doing with the building ? I was like ma’am we have no idea we just got here and how did you get my phone number anyway? Then we had someone come and tell us that we couldn’t put a buisness sign out front not a permanent one anyway I was like what are you talking about I have a business and I have an LLC and I can’t advertise it without the county or city looking at my idea or sign first? Why is that any of their buisness? They harassed us every day for over 2 months! It was insane then there was some king of program to upgrade the property they wanted us to put out the money then they would give us 60 % back as a reimbursement!? Then we got into the building on an as is basis and it was bad worse than we thought and when I say this I means bedbug infested, rats mice skunks and gophers digging the yard up and this is a 14 bedroom 7 bathroom building that I cleaned by myself it took almost 4 months !! After I got it cleaned and the squatters removed yes there were people in the apartments still omg! So then they transferred title over to an unknown LLC and put a 3 day notice on the gate not the door for non payment of rent and it was not at all true! We paid every month without fail and the eviction still went through they took over 20,000 in inventory most of it they trashed on the sidewalk we couldn’t get it all out fast enough and the law helped them! The attorney didn’t do much to help it was more like he was helping them! This is during the covid no less! If you run into the con artist names Robert Gillespie and Christopher kaylor or Taylor or deal with Greenpoint properties in Cleveland Ohio!! Run for the hills!! He’s a real jerk off the both of them ran game and sabbataged our business and ruined our company name with this antic unethical way of doing what they did and they were partners with a few different people with a “trust” that’s only so if they decide that they don’t want to deal with the buyer or renter then they just transferred Title to their buddy and it’s all protected under this trust it’s a fraudulent way of crapping on innocent people that just want a home or buisness and they belong in jail!! They need to have the same done to them in their nice homes have that rug pulled from under their cushioned ass!! See how they like it when they are homeless and no where to go

[@matthewmunoz4119]

Any good agents in McAllen tx?

[@SageRealEstate]

Hi Matthew! We can certainly connect you with an agent in McAllen. Please send us an email at [e-mail]

[@bcp5135]

What are your fees?

[@SageRealEstate]

Hello feel free to reach out to us if you're a buyer there's absolutely no fees if you're a seller we would love to show you what we can do to help you sell and market your property. 562-307-0838

[@XXXSarahXXX28]

Hello! I want to get into real estate investing and want to buy a multi family property with my sister. I am located in the LA County area and want to look for property within LA County abs Orange County. I would love to use you all as my brokers

[@XXXSarahXXX28]

Pleas let me know if that is possible!

[@SageRealEstate]

Sarah, Absolutely, we are located in Long Beach. Give us a call or text to schedule an appointment 562-400-7622

[@JohnDoe-sk6wy]

Agents are incentivized by their 3% commission. They are not incentivized to help you choose the “best” deal for you.

[@SageRealEstate]

The commission is rarely 3% nowadays, it's much much lower. Here at Sage Real Estate, we are incentivized by making a difference in peoples lives.

[@WelpItWasGood]

Buying real estate with personal credit is ridiculously ignorant

[@victortran6022]

should you buy multifamily as your first home ?

[@SageRealEstate]

It's a personal choice, however the most prudent decision is to buy multifamily first.

[@MillennialMike]

house hacking, a small multifamily you live in and rent out the other units , i started with a house hack 4 years ago. best financial decision i ever made and now i have 10 rental units and a ton of cash flow. i'm closing in on financial freedom and retiring early all because i started house hacking 4 years ago. feel free to reach out sometime because i'm happy to help you in any way i can. good luck.

[@houseonoakely9963]

How do we contact you?

[@SageRealEstate]

Please visit our website and send us a message. www.SageREGroup.com

[@crod6431]

I'm sorry but you're already stating some facts incorrectly. Banks will not allow only 3% DP on any loan, unless it's considered a primary residence. Otherwise, if it's not a primary residence, it's considered an investment and a minimum of 20% DP is required. Also, the interest rate will be higher too. I've looked into multifamily homes and it's best for people that have a large sum of liquid assets to invest. People that only have retirement accounts cannot use their funds because they will have withdrawal limits and early withdrawal penalty fees and are subject to income taxes. Also, most multifamily homes are located in inner cities and lower income areas. Some people may not want to invest knowing that the tenants may give them issues with paying rents.

[@SageRealEstate]

We have helped multiple people purchase with 3% down, 3 1/2% down and even 0% down on the first 4 unit investment. These types of low down payments require one to live in one of the units. Those that have been successful in the past are the ones that I've taken action purchased the asset and held them. Thank you for your continued viewership.

[@crod6431]

@@SageRealEstate Thank you for confirming that the owner must live onsite for the 1st year. Some people don't know that. It definitely limits the choices by geographical area. Also, some people don't want to live in low income areas. Personally, I don't want to live next to tenants.

[@rtlwavy4561]

Do you need a license to do multi family

[@SageRealEstate]

Good questions! You do not need a license to own multifamily. However, you do need to a license to buy and sell real estate as an agent or broker.