Unlock Your Multifamily Purchasing Power

I recently encountered a situation where a client was limited to a $400,000 purchase price for a four-unit building due to a rule he was unaware of. This newsletter addresses how understanding future rental income can significantly increase your purchasing power, enabling you to qualify for larger multifamily properties.

What You Will Learn

• How future rental income can increase your purchasing power.

• The impact of lender expertise on securing your desired properties.

• The benefits of investing in multifamily properties.

Increase Your Purchasing Power

I want to share how understanding a specific guideline can dramatically increase your purchasing power. My client, initially capped at $400,000, was able to purchase a four-unit building for almost $550,000 after learning about this strategy. This represents a $150,000 increase simply by leveraging this knowledge.

The Advantage of an Experienced Lender

I believe that working with a lender who is knowledgeable about these guidelines is crucial. My experience shows that their expertise can help you get into the properties you're targeting. This is particularly important if you're considering house hacking and buying a three- or four-unit property.

The Multifamily Triple Play

I consider investing in multifamily properties a "triple play" because tenants cover your mortgage, you live for free, and you benefit from appreciation and tax advantages. This makes it a powerful investment strategy.

Future Rental Income: Your Key to Qualification

I want to emphasize that future rental income is the key to increasing how much you can qualify for. We use the rental income from the units you won't be occupying to boost the income on your loan application, which significantly aids in qualification.

Key Learnings

Here are the key points to remember:

• Understanding future rental income can substantially increase your purchasing power.

• An experienced lender can help you navigate the complexities of multifamily property financing.

• Investing in multifamily properties offers multiple benefits, including tenant-covered mortgages and tax advantages.