September 7th, 2021 12:53 PM by Daniel Poulos
For example, let's say you live in a county with an FHA loan limit of $515.250 for a 2-unit property. You can put as little as 3.5% down, live in one of the units and collect rent from a tenant of the other unit. You can even use the projected rent from the other unit as income to assist in qualifying!
What better way for a first time homebuyer to begin building wealth through real estate?
Conventional loans also allow for 1-4 unit properties but the required down payment runs from 15-25%.
I think this would be a more popular buying strategy if more buyers and real estate agents were familiar with it! If you want to learn more please call Danny Poulos direct at 561-373-4149 and I will gladly walk you through it!
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