DO NOT Buy a Multi Family Property Without THIS
In this video, I'm sharing with you one of the biggest mistakes people make when investing in multi family properties.
Before you invest in a multi family property, make sure you know how to know if your property is going to cashflow using the self sufficiency test. This is one of the tools you can use when it comes to multi family properties and generating positive income.
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Пікірлер: 98
I started my own business this month and I am meeting with my first client today. I retired last yr at 55 with 3 houses paid off worth 4.5 million. I will have an income stream of $20,000 per yr through my business. I realized that the secret to making a million is making better investments.
@tahirisaid2693
Жыл бұрын
Credits to *ROCHELLE DUNGCA-SCHREIBER,* she has always had my back all through the process of working and investing. You can glance her name up on the internet and verify her yourself. she has years of financial market experience....
@tommieb5712
10 ай бұрын
What kind of business do you do
@earnyours9269
3 ай бұрын
Goals I plan to retire at 55 I’m 40
Investing appropriately today can save you a whole lot of stress in the nearest future
@cahillvolkan3186
Жыл бұрын
This must be an investment with Mrs Charlotte Junko Walsh ,after I came across trading platform of Mrs Charlotte Junko Walsh my financial life has totally changed.
@nijazruslan7520
Жыл бұрын
Her trading income stream is mind blowing,I also trade with her. I've made $62,000 so far trading with her guidance/advice.
@hafizfauzan3070
Жыл бұрын
Same here, I earn $17,000 a week.God bless Mrs Charlotte, she has been a blessing to my family.
@Frederick.56
Жыл бұрын
Oh please, how can someone get to speak with Mrs Charlotte Junko Walsh !!?
@kaantimur5368
Жыл бұрын
Honestly I believe because I have seen people around my neighborhood that actually gets 70k per month trading with a broker, thanks for the info dude am happy that I came across this information. You are best keep the good work going, I will get in touch with Mrs Charlotte ASAP and begin my investment and trading journey with her platform…
Thank you so much for the valuable information you always share.
Thanks for the great info!
Great information!! Thank you!!
You are so POPPIN. Thank you for all of your knowledge MG!
@Mgthemortgageguy
Жыл бұрын
TY and you're welcome
❤ appreciate all these jewels 💎 my brother 👊🏾
#AskMG Thank you for the continuous 💎s. Can you go over purchasing a new build? Things to look out for, things to ask, the process, anything you can share. Most of your content seems geared towards resale homes. Thanks in advance!
I’m buying a duplex but this was still helpful!! Never considered the 25% vacancy. I have mine at 16% since it’ll be owner occupied and less units.
Great info MG!
❤❤❤❤❤❤❤ Yesss Thank you kinG so much. You got the keys, giving keys to uS.
Much needed info
Hey MG this Patrick Davis from Washington DC. I just wanted 2 personally express my appreciation 2 you & all of your team Eyl University 4 taking the time out & sharing with all of us all of the knowledge & extremely important information that had 2 have taken many years of learning & experience 2 be able 2 slow things down step by step 4 a beginner as myself.By teaching in the way that you & your team have done it makes all of this 100% easier 2 understand thanks again me & my team will definitely me contacting you soon . I'm definitely buying your book
@dianechapman9887
Жыл бұрын
Me too! I'm buying both books! Knowledge is Power, right?
Thnks .. perfect timing. My goal next year it buy a 4 family 🔥🔥🔥🔥🔥
Thank you 🔥🔥🔥
MG!!! My wife and I are looking to buy a duplex to house hack in..we are in the DFW area!! All thanks to you for providing valuable info brother
@Mgthemortgageguy
Жыл бұрын
My team can help you when you're ready. Apply with Mg.com
@YourTechHomeboy
Жыл бұрын
also in dfw looking in arlington for a duplex. remember the triplex and quad require 3-5 months of cash reserve
Thank you for this information! I wish Ihad this information prior to purchase. What is your recommendation and/or advice for correcting your numbers if you exceed the 100% after purchase? 😬
Can you do a video about someone who already owns a 4 fam and wants to buy another property
When you included the owner occupied unit with the others does this determine the mortgage on the whole property? Is the landlord still able to determine what the rent will be for each unit?
MG going crazy with the uploads!! 🔥🔥🔥🔥🔥
@Mgthemortgageguy
Жыл бұрын
Videos everyday 4pm est. I'm just getting started 🙏🏽💎
Good stuff
Thank you
Is there a home buyer programs where u dont have to live in the property?? Im in ny want to buy property in another state.
💎 💎 💎 per usual
no because it is less than the monthly loan payment
Pray for me to get awesomely familiar with this formula. Thank you.
Does the self sufficiency test matter if I plan on living there with my income too? For example if after all is said and done the test estimates me at 1,000 of NET rental income a month and because real-estate is so expensive in my area the loan amount after everything is $1,250 a month. But I plan on living there for a while so my income for the property would be $2,100 because of my own $1,100 income. Am I understanding it wrong?
How can I use this method using my va and I’m disabled vet.
Just curious, I hope this isn't a dumb question... But why wouldn't a deal be a good deal if you pass the FHA self-sufficiency test? I will definitely purchase your boos "House Economics". Thx for all the great info👌
@xclusivevideo1671
Жыл бұрын
Because if you are only positive by $1 in the example he gave, where is your room for repairs that will come up. Addtly positive cash flow for your pocket. It's superb to have the mortgage paid but aren't we in this to make money as well.
What's audio?
Wish I knew this 6 months ago. I was buying a three family and it wasn’t self sufficient. Attorney still holding my downpayment smh!!
@WeAllWeGot333
Жыл бұрын
What do you mean self sufficient?
Do you guys service people in texas ?
For me conventional is significantly better, since after 20% down no mortgage insurance and with fha you pay over the whole lifetime of credit
@Khymelder
Жыл бұрын
You need help because you need some money for a start up business or a personal or business grant ? *Future Imperative Corps* is the team you need to help you.
@Khymelder
Жыл бұрын
Get in touch with them for help doing this. *Future imperative corps* will grant your request and help you get approved for receiving grant funds or any other available funds making methods.
@Khymelder
Жыл бұрын
Deposit and withdrawals don’t take much time. The SBA grant process is very comfortable.. I highly recommend *Future imperative corps* both for noice and professional.
💎💎💎 This video ages well!!!
@Khymelder
Жыл бұрын
You need help because you need some money for a start up business or a personal or business grant ? *Future Imperative Corps* is the team you need to help you.
@Khymelder
Жыл бұрын
Get in touch with them for help doing this. *Future imperative corps* will grant your request and help you get approved for receiving grant funds or any other available funds making methods.
@Khymelder
Жыл бұрын
Deposit and withdrawals don’t take much time. The SBA grant process is very comfortable.. I highly recommend *Future imperative corps* both for noice and professional.
Thanks for putting out this content. I was recently approved by Marsha Morency for FHA (when she was still with you guys). She waited until I had a desirable property to then explain the self sufficiency rule for FHA. If you're approving someone for 3-4 family this is something that should be explained as soon as the approval letter is given so that the buyer has a clear understanding of what they should be looking for with regards to rental income. Wasn't sure on how those actions should be perceived. So I thank you!!
@Mgthemortgageguy
Жыл бұрын
I 10000% agree with you. This should have been discussed as part of the initial consultation. Whenever you're ready to get a deal done I'm here to help. Email garlandgroup@unmb.com and I'll take care of you
@cinnamon317ify
Жыл бұрын
@@Mgthemortgageguy I will first thing Monday morning.
@cinnamon317ify
Жыл бұрын
Hello I reached out to the number that you provided and someone replied with solicitation of Cryptocurrency. I thought you wanted to assist with my real estate goals not train on Cryptocurrency.
@realityreels5087
Жыл бұрын
@@cinnamon317ify that’s a scam. MG’s info is listed in the description box or social media.
What exactly is 25% vacancy
The screen is black. We cant see you or the slides.
@Mgthemortgageguy
Жыл бұрын
That's only on your end you can see the slides perfectly
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no
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No
No it’s not
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You think buying a house for $30,000 cash with a $400 cash flow is worth it?? Anybody?….
@PYTU
Жыл бұрын
Might want to raise it to 650.00 to see little profit in 5 five years.
@oscardagrouch5095
Жыл бұрын
Is there potential for future equity growth? Look at the city future plans for the area. As long as it’s not negative I think it’s good.
❤
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Yippeeeeee
That's not enough money to support the upkeep of the property. If there is not at least $1000 in your pocket every month then forget about it ! This guy is not realistic !
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@Khymelder
Жыл бұрын
You need help because you need some money for a start up business or a personal or business grant ? *Future Imperative Corps* is the team you need to help you.
@Khymelder
Жыл бұрын
Get in touch with them for help doing this. *Future imperative corps* will grant your request and help you get approved for receiving grant funds or any other available funds making methods.
@Khymelder
Жыл бұрын
Deposit and withdrawals don’t take much time. The SBA grant process is very comfortable.. I highly recommend *Future imperative corps* both for noice and professional.
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Hours later learning this.multi family investment property wont work in New York!? 😢
I’m trying to buy one to rent not live in married with 2 kids primary house is 2600sq ft can’t move us into a unit in a triplex I want to buy Any advice ?
$1 short per month is not self sufficent? You cant go out n collect cans and make up the difference?😅
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No
no
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No