DO NOT Buy a Multi Family Property Without THIS

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  • Опубликовано: 4 янв 2025

Комментарии •

  • @tahirisaid2693
    @tahirisaid2693 Год назад +299

    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.

    • @georgestone0123
      @georgestone0123 Год назад +1

      You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

    • @tahirisaid2693
      @tahirisaid2693 Год назад +1

      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....

    • @georgestone0123
      @georgestone0123 Год назад

      Thanks so much I was able to find her page and I already leave her a message.

    • @tommieb5712
      @tommieb5712 Год назад

      What kind of business do you do

    • @earnyours9269
      @earnyours9269 8 месяцев назад

      Goals I plan to retire at 55 I’m 40

  • @maximizedmoney
    @maximizedmoney 2 года назад +13

    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.

  • @MuhammadAhmed-kx8el
    @MuhammadAhmed-kx8el 2 года назад +46

    Investing appropriately today can save you a whole lot of stress in the nearest future

    • @cahillvolkan3186
      @cahillvolkan3186 2 года назад +1

      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.

    • @hafizfauzan3070
      @hafizfauzan3070 2 года назад

      Same here, I earn $17,000 a week.God bless Mrs Charlotte, she has been a blessing to my family.

    • @Frederick.56
      @Frederick.56 2 года назад

      Oh please, how can someone get to speak with Mrs Charlotte Junko Walsh !!?

    • @kaantimur5368
      @kaantimur5368 2 года назад

      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…

    • @Mark-12
      @Mark-12 2 года назад

      She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States 🇺🇸. I started with $4,000 now I earn up to $13,000 a week. God bless Mrs Charlotte.

  • @ebonywatson2177
    @ebonywatson2177 6 месяцев назад +1

    ❤❤❤❤❤❤❤ Yesss Thank you kinG so much. You got the keys, giving keys to uS.

  • @jpatd6442
    @jpatd6442 2 года назад +5

    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
      @dianechapman9887 Год назад

      Me too! I'm buying both books! Knowledge is Power, right?

  • @passiveincomeac
    @passiveincomeac 3 месяца назад

    Glad I was able to get into multifamily with very little down.

  • @Siddeeqah51681
    @Siddeeqah51681 2 года назад +3

    You are so POPPIN. Thank you for all of your knowledge MG!

  • @MobileHomeGeek
    @MobileHomeGeek 2 года назад +5

    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
      @Mgthemortgageguy  2 года назад +1

      My team can help you when you're ready. Apply with Mg.com

    • @YourTechHomeboy
      @YourTechHomeboy 2 года назад +1

      also in dfw looking in arlington for a duplex. remember the triplex and quad require 3-5 months of cash reserve

  • @gwendolynjonesfps9429
    @gwendolynjonesfps9429 2 года назад +4

    Thnks .. perfect timing. My goal next year it buy a 4 family 🔥🔥🔥🔥🔥

  • @TaylorMadeLLT
    @TaylorMadeLLT 2 года назад +8

    Can you do a video about someone who already owns a 4 fam and wants to buy another property

  • @Invest4Cashflow
    @Invest4Cashflow Год назад +1

    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
      @Khymelder Год назад

      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
      @Khymelder Год назад

      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
      @Khymelder Год назад

      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.

  • @ROCBOYZGURLZ
    @ROCBOYZGURLZ 2 года назад +3

    #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!

  • @thomascrossjr569
    @thomascrossjr569 Год назад

    ❤ appreciate all these jewels 💎 my brother 👊🏾

  • @nellielee2915
    @nellielee2915 Год назад

    Thank you so much for the valuable information you always share.

  • @alwaysaccurate8725
    @alwaysaccurate8725 Год назад +1

    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.

  • @northwestcutt2215
    @northwestcutt2215 Месяц назад

    Is the self sufficiency test the same as figuring the cap rate ?? Bless you MG

  • @cinnamon317ify
    @cinnamon317ify 2 года назад +4

    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
      @Mgthemortgageguy  2 года назад +3

      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
      @cinnamon317ify 2 года назад

      @@Mgthemortgageguy I will first thing Monday morning.

    • @cinnamon317ify
      @cinnamon317ify 2 года назад

      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
      @realityreels5087 2 года назад

      @@cinnamon317ify that’s a scam. MG’s info is listed in the description box or social media.

  • @emmanuel825
    @emmanuel825 2 года назад +1

    Thanks for the great info!

  • @dronesphere1
    @dronesphere1 2 года назад +1

    Great info MG!

  • @gideon7177
    @gideon7177 2 года назад +2

    Much needed info

  • @sharonjackson8543
    @sharonjackson8543 3 месяца назад

    First I apologize if this sounds a little whatever, but I am just starting to go through the NACA home buying program , This is my first property and I am going to get a 2-4 multi unit. Does this rule apply to me also? Thank you in advance for the information.

  • @raphaelpizarro6917
    @raphaelpizarro6917 2 года назад

    no because it is less than the monthly loan payment

  • @jonathonchandnoit6741
    @jonathonchandnoit6741 Год назад

    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?

  • @msjones015
    @msjones015 Год назад

    How can I use this method using my va and I’m disabled vet.

  • @AngelPerez-fb3hg
    @AngelPerez-fb3hg 2 года назад +1

    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
      @WeAllWeGot333 2 года назад

      What do you mean self sufficient?

  • @qmakesithappen
    @qmakesithappen 2 года назад +2

    MG going crazy with the uploads!! 🔥🔥🔥🔥🔥

    • @Mgthemortgageguy
      @Mgthemortgageguy  2 года назад +2

      Videos everyday 4pm est. I'm just getting started 🙏🏽💎

  • @PYTU
    @PYTU 2 года назад +2

    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?

    • @TrakD
      @TrakD Месяц назад

      Only 75% of the rental income will be included. So the owners unit won’t be included. The appraiser determines the cost of the rent.

  • @omarlives
    @omarlives Год назад

    Hours later learning this.multi family investment property wont work in New York!? 😢

  • @mikeb5415
    @mikeb5415 Год назад

    💎💎💎 This video ages well!!!

    • @Khymelder
      @Khymelder Год назад

      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
      @Khymelder Год назад

      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
      @Khymelder Год назад

      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.

  • @miraclemitchell7987
    @miraclemitchell7987 2 года назад

    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? 😬

  • @aviee
    @aviee Год назад

    What exactly is 25% vacancy

  • @shakes410
    @shakes410 2 года назад

    Thank you 🔥🔥🔥

  • @romey0500
    @romey0500 2 года назад

    💎 💎 💎 per usual

  • @barbaraarinaga891
    @barbaraarinaga891 2 года назад

    What's audio?

  • @ebonywatson2177
    @ebonywatson2177 2 года назад +1

    Good stuff

  • @charhardy1835
    @charhardy1835 2 года назад

    The screen is black. We cant see you or the slides.

    • @Mgthemortgageguy
      @Mgthemortgageguy  2 года назад

      That's only on your end you can see the slides perfectly

  • @dianechapman9887
    @dianechapman9887 Год назад

    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
      @xclusivevideo1671 Год назад +4

      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.

  • @hectormoreno2349
    @hectormoreno2349 Год назад

    Do you guys service people in texas ?

  • @ebonywatson2177
    @ebonywatson2177 2 года назад +3

    Pray for me to get awesomely familiar with this formula. Thank you.

  • @Mr_Pesos
    @Mr_Pesos Год назад

    Thank you

  • @goat515
    @goat515 2 года назад +2

    You think buying a house for $30,000 cash with a $400 cash flow is worth it??
    Anybody?….

    • @PYTU
      @PYTU 2 года назад

      Might want to raise it to 650.00 to see little profit in 5 five years.

    • @oscardagrouch5095
      @oscardagrouch5095 Год назад

      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.

  • @realityrealestate5755
    @realityrealestate5755 6 месяцев назад +1

    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 !

  • @vedarowe954
    @vedarowe954 Год назад

    🔥🔥🔥🔥🔥🔥

  • @highgods1361
    @highgods1361 2 года назад

    🔥🔥🔥

  • @Jesquetta1976
    @Jesquetta1976 2 года назад

    🔥 💎

  • @danielacker3615
    @danielacker3615 Год назад

    🔥

  • @MindRegulatorMusic
    @MindRegulatorMusic Год назад

    💎 💎 💎

    • @Khymelder
      @Khymelder Год назад

      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
      @Khymelder Год назад

      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
      @Khymelder Год назад

      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.

  • @Vet45tn
    @Vet45tn Год назад

    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 ?

  • @mikeb5415
    @mikeb5415 2 года назад +1

    💎💎💎

  • @mauricecompton5137
    @mauricecompton5137 2 года назад

    No it’s not

  • @ctfatboybigchee9624
    @ctfatboybigchee9624 2 года назад

    No

  • @nativetci
    @nativetci 2 года назад

    💎 💎 💎 💎 💎 💎 💎

  • @CheyenneColeman3125
    @CheyenneColeman3125 2 года назад

    💎

  • @21XRP_RETIREMENT
    @21XRP_RETIREMENT 2 года назад

    Yippeeeeee

  • @jameskeyes7058
    @jameskeyes7058 2 года назад

  • @Melissa-kv5ry
    @Melissa-kv5ry 2 года назад

    💎💎💎💎

  • @lanceburt392
    @lanceburt392 Год назад

    💪🏾💯😎

  • @omarlives
    @omarlives Год назад

    $1 short per month is not self sufficent? You cant go out n collect cans and make up the difference?😅

    • @BlackDaddy
      @BlackDaddy 4 месяца назад

      😂😂😂 I'm so done!! I love the way you think you don't over complicate stuff😂😂 best thing I heard to make money free

  • @LisaSpeaksTruth
    @LisaSpeaksTruth Год назад

    Great information!! Thank you!!

  • @sandrabalogun4409
    @sandrabalogun4409 4 месяца назад

    🔥

  • @TheDreamMaker100
    @TheDreamMaker100 2 года назад

    🔥🔥🔥

  • @barbaraarinaga891
    @barbaraarinaga891 2 года назад

    No

  • @NRome
    @NRome Год назад

    🔥🔥🔥

  • @DAMANN-bq5cr
    @DAMANN-bq5cr 2 года назад

    no

  • @teewhy5136
    @teewhy5136 Год назад

    🔥🔥🔥

  • @rodneyspearman4053
    @rodneyspearman4053 Год назад

    No

  • @Shihadon
    @Shihadon Год назад

    no

  • @sandrabalogun4409
    @sandrabalogun4409 4 месяца назад

    No

  • @EugenioCodina
    @EugenioCodina 2 месяца назад

    no