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How do you secure financing for a multifamily property in 2024? In today's video, you'll discover the latest changes in loan programs, the importance of pre-approval, and practical advice for prospective investors. Join Juan Huizar, President of Sage Real Estate, and Phoebe Todorof, Co-owner of Sage Trust Mortgage, as they dive into the details.
Whether you're eyeing a duplex, triplex, or fourplex, this video provides valuable insights to help you navigate the mortgage process and achieve your real estate goals.
00:01 - Introduction: Financing Multifamily in 2024
02:04 - Standard Documentation for Loan Applications
05:05 - Overcoming Apprehensions About Pre-Approval
07:11 - The Impact of Credit Checks on Loan Approval
12:16 - Income and Employment Requirements for Loan Approval
16:24 - Using Rental Income to Qualify for a Mortgage
18:09 - Impact of Interest Rates on Multifamily Property Purchases
20:33 - The Current Buyer’s Market in Multifamily Real Estate
26:50 - Benefits of Unified Real Estate and Mortgage Services
28:48 - Strategies for Multiple Buyers and Ownership Structures
30:40 - Purchasing Property Through an LLC
31:57 - Assumable Loans
33:05 - Advice for Prospective Multifamily Investors
36:53 - Avoiding New Debt During the Loan Process
38:21 - Long-Term Wealth Creation
43:46 - Alternative Loan Options for Unique Situations
45:54 - Conclusion and Contact Information
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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.
BRE 01417642
www.SageREGroup.com
Follow me on social media:
Instagram: / multifamilylongbeach
Facebook: / sageregroup
LinkedIn: / juanhuizar-sagerealestate