MULTI FAMILY PURCHASE
We offer niche financial products for nonowner occupied real estate properties that generate cash flow from rental units. Real Estate Funding Solutions offers the most creative loan terms nationwide for investment properties including MULTI FAMILY 4+ unit non owner occupied Acquisitions and Refinances.
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Mortgage for a Multi Family Unit is usually secured by the same multi family residential property used to collateraized the loan.
Multifamily property investment is when you purchase multifamily home at a lower cost to resell it for higher profit after increasing the value and the equity of the real estate property. You can also increase the value of your multifamily property by making updates and/or adding additions to the property to either resell it or rent to tenants at a higher value.
A good return on multifamily investments is when you at least double your profit, however there is no specific number for a good return, as good return on property investments may vary based on many other factors such as market value, budget, timing, and most importantly your investment goals in real estate.
You may need to take a closer look at some of the important factors listed below, before investing in your next multi family property.
- Purchase price
- Fico score
- Debt to income ratio
- Property management (if used for investment)
To buy your first investment property, you must have good credit that’s above 700 and have good cash liquidity in the bank, especially since most lenders provide the best mortgage terms to borrowers who are willing to put a down payment of at least 20% towards the acquisition of multifamily income producing property.
It is always a good idea to use a down payment of 20% of the total purchase price in order to get the most competitive rates in the market.