I’ve been diligently working, saving and contributing towards financial freedom and paying off my high interest mortgage, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
For me, Sonya Lee Mitchell turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Man this was so impactful buying a 4plex offmarket no buyers agent with fha 203k just linked up everybody Lender, Hud Consultant and my 2 General contractors my due diligence ends feb17th and closing is March31st 🙏
What a wealth of information presented. I have recently started my search for a home that can meet the needs of my disabled son who requires 24/7 care. All of the homes that I have seen thus far will require significant modifications, extending doorways, removing walls and modifying a standard bathroom into an open shower. After watching this video, I have come to the realization that I would be better off purchasing a multi-family property in need of rehab and utilize the FHA 203K Standard Loan to have all the necessary environmental modifications to provide for his lifelong needs. Thanks MG, for sharing.
This video may have just solidified my decision as a first time homebuyer to do a 203K Loan. We have very limited amount of multifamilies in my area but a wealth of fixer uppers. Thank you for breaking this down very simple and easy to digest
Beautifully executed!!As a realtor, here in the metro Detroit area. This loan can go really far! There’s a lot of multifamily and mix use properties, in the city of Detroit and surrounding areas. your video will definitely be the primary video that I send to my clients entertaining this option. Although you’re not license here in Michigan. Hopefully soon, I do have clients in the Florida and Texas region, that I will personally suggest you as their lender.
I think you may ne the first person on RUclips that SIMPLY explained this with CLEAR information slides to easily screenshot. Thank you !!!! These other RUclipsrs too busy trying to be cute and seen and leave out information 🤍
Thank you Mg for all your videos I been learning and building my confidence. I know I want to use a fha loan. But there’s been a set back with my credit. Know I’m now trying to rebuild ..not giving up I want this generational wealth
That was awesome and very informative. You have really enlightened me. I would definitely get in touch with your team to be guided to build my wealth as well.
Excellent video. I don't think my situation would ever make me eligible for this type of loan but I still listened in its entirety because it was good information and well presented.
Thankyou for being real bought my triplex VA loan last year currently under contract on a 4 plex under a fha 203k standard no buyers agent 90 day close its hard and the fha self sufficiency test is hard to beat without finding a ugly duckling.
Thank you so much. I am looking to buy a multi unit property and I was not aware of these type of loans. but I appreciate you sharing all this info. was very informational and helpful.
Very useful information. One thing I can add is the Bank will scrutinize whatever contractor you are trying to use. They will even ask for contractors bank statements. A lot of contractors wont get involved in these type of loans because they essentially have to get financially scrutinized and approved by the bank. They also need a lot of money in their bank account.
Are these “rehabs” on Zillow? Where can we find these? I see houses that look abandoned with county signs and small writing you can’t read all over my town but no for sale signs.
This was an exceptional video, you have a new subscriber. I did not know about 203k until last week, we made an offer on a house and our loan officers and realtor are not too familiar with 203k loans, so I wanted to be very familiar myself. Your video was absolutely priceless, wish we knew about this type of loan at the beginning of our house shopping process but it is alright. Thanks again.
Would you recommend doing an appraisal first to determine the potential equity you have in the property to determine the value for the principle loan plus the reno cost?
Hello Matthew, thank you for the gems you have shared.I'm interested in the 203k Standard but I noticed you do not cover AZ.Do you have and referrals for a good lender ?
Thank God for you my Brother. This is no doubt great information for me to start the process of acquiring my first home as well as beginning the journey of becoming a real estate investor. Gratitude my peoples N Dat MF'N Order! ✊🏿🏁
For me, meeting the right partner has simplified my life even more. It’s such a blessing that my wife and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what she lacks, she’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!
On that, real time credits to *ROCH DUNGCA-SCHREIBER,* she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience..!.!
Can this apply towards the construction of an ADU? I'm considering buying a 4 unit where I'm renting out 3 of the units while living in one plus building and accessory dwelling unit attached to the property.
I'm in Washington and wanted to know how I could get a 4 unit, live in one rent the rest, and this is a perfect strategy for buying below market value, and getting updated construction. Forced appreciation, this is it! I'd love to do this
Great picture of what the 203K Loan is all about. And, much of what you revealed in this presentation can be applied to other application processes. Much appreciated MG! Continued Blessings to you, your family, and your team.
Thanks for the great videos, I have a question that you or someone here can hopefully help me with. My grandfather has a property paid off in Miami, he wants to go back home and wants to take over the property. It needs a lot of work, pretty much would have to demo and rebuild, so the 203K loan would be perfect for this. If I aquire the property via a quitclaim deed, can I then get a 203k loan to do the repairs or does my grandfather need to sell it to me? My loan officer is not sure, so hopefully someone can help me out here. Thanks in advanced for your time and help. JP
Omg this was so informative! I never considered a rehab home because I assumed they were mainly for investors to fix and flip. I'm now thinking it's a great option as a primary residence. From one 🗽🍎 to another, thank you 🙏🏽❤
We are in the process of trying to close on a small 203k loan (only asking for $15m for rehab). We originally had a closing date of August 4th. We had all contractor, inspections, and appraisals finished and sent in within days of asking. We’ve completely lost all faith in our mortgage lender CCM. They pushed closing to last Friday then today and now we are told not today. There’s 9 underwriters and none of them are on the same page. We’ve got contractors coming in next week, we’ve sublet our apartment and have to be out on Sunday so now we’re just at the mercy of the underwriters. Sorry for the rant but we would never do another 203k loan again. Would love your lender recommendations tho 😭
I’ve been diligently working, saving and contributing towards financial freedom and paying off my high interest mortgage, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
For me, Sonya Lee Mitchell turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Man this was so impactful buying a 4plex offmarket no buyers agent with fha 203k just linked up everybody Lender, Hud Consultant and my 2 General contractors my due diligence ends feb17th and closing is March31st 🙏
Hey JWalk congrats, are you able to send your lenders info?
Wow..congratulations
THANK YOU!
THANK YOU!!
THANK YOU!!!
How’d it go!
That's a blessing. If you can need lender info. Need someone who is well knowledgeable of program. And Good Hud consultant.
Finally, someone who can explain this in english! Thank you!!
What a wealth of information presented. I have recently started my search for a home that can meet the needs of my disabled son who requires 24/7 care. All of the homes that I have seen thus far will require significant modifications, extending doorways, removing walls and modifying a standard bathroom into an open shower. After watching this video, I have come to the realization that I would be better off purchasing a multi-family property in need of rehab and utilize the FHA 203K Standard Loan to have all the necessary environmental modifications to provide for his lifelong needs.
Thanks MG, for sharing.
This video may have just solidified my decision as a first time homebuyer to do a 203K Loan. We have very limited amount of multifamilies in my area but a wealth of fixer uppers. Thank you for breaking this down very simple and easy to digest
This is great education. I wish I knew this man last year before I walked away from my property. I’m here now. Much appreciated.
Lot's of gems here. Didn't know about the mixed use buildings.
Beautifully executed!!As a realtor, here in the metro Detroit area. This loan can go really far! There’s a lot of multifamily and mix use properties, in the city of Detroit and surrounding areas. your video will definitely be the primary video that I send to my clients entertaining this option. Although you’re not license here in Michigan. Hopefully soon, I do have clients in the Florida and Texas region, that I will personally suggest you as their lender.
Do you know any lenders the detroit area?
Great information for FHA 203(k) Loans
I think you may ne the first person on RUclips that SIMPLY explained this with CLEAR information slides to easily screenshot. Thank you !!!!
These other RUclipsrs too busy trying to be cute and seen and leave out information 🤍
Ty i appreciate you
Thank you for breaking this down and not using jargon words. Thank you. You make more sense than my real estate professors thank you❤
Thank you Mg for all your videos I been learning and building my confidence. I know I want to use a fha loan. But there’s been a set back with my credit. Know I’m now trying to rebuild ..not giving up I want this generational wealth
@thecreditdude
I've been studying this loan option for almost a year. This is the most valuable, detailed explanation I have learned ffrom. Mahalo!!!
Im just now learning about 203K home loans. OMG this is what I been looking for. Thanks for breaking this down. Its like a tutorial
Matt this is amazing information. Thank you!
Appreciate your thoroughness.
GREAT VIDEO! How do the interest rates on a 203k loan compare to traditional FHA loans and do you have an option to buy down the interest rate?
Thank you for the information!
That was awesome and very informative. You have really enlightened me. I would definitely get in touch with your team to be guided to build my wealth as well.
Where’s all the links you spoken about? Thank you
Thanks for this! I learned SO much in 45 minutes that I’ve been researching for months!!
When do you plan on being licensed in Ohio? Great Video! Thank you for the thorough details about the FHA 203K loan!
Excellent explanation. Very easy to digest. Thank you!
Man love the info. May God bring many blessings to you and family
Excellent video. I don't think my situation would ever make me eligible for this type of loan but I still listened in its entirety because it was good information and well presented.
Thankyou for being real bought my triplex VA loan last year currently under contract on a 4 plex under a fha 203k standard no buyers agent 90 day close its hard and the fha self sufficiency test is hard to beat without finding a ugly duckling.
MG...my wife and I looking to do A FHA 203k loan..man..your video is on point!!
We would love to help you. Here's the link to apply. www.applywithmg.com/optin1663174580377
Thank you for sharing this. Your presentation was very informative. As a loan officer, I want to market the 203k loan idea for my clients in Virginia.
Thank you for this information! You are extremely knowledge. Thank you for taking the time out to break everything down in a way we all can understand
Thank you so much. I am looking to buy a multi unit property and I was not aware of these type of loans. but I appreciate you sharing all this info. was very informational and helpful.
This video was very informative. I will share it with my grown children. So they don't make the same mistake there father and I did.
Thanks!
Very useful information. One thing I can add is the Bank will scrutinize whatever contractor you are trying to use. They will even ask for contractors bank statements. A lot of contractors wont get involved in these type of loans because they essentially have to get financially scrutinized and approved by the bank. They also need a lot of money in their bank account.
Thank you! This was super helpful. Wish I'd seen it a few months ago! Any tips on how to find a good contractor and consultant??
Thanks for sharing this valuable information. I hope you mind, but I need to share this with my Buyers.
Please feel free to share.
Are these “rehabs” on Zillow? Where can we find these? I see houses that look abandoned with county signs and small writing you can’t read all over my town but no for sale signs.
Please put this book on audible
I think you explained this so well, that I need YOU to help me through my 203k process
I appreciate your videos and your explaining everything well thank you! Btw can you get any FHA loan with foreclosures??
do you think you can do episode on obtaining mortgage loan using housing choice voucher to pay mortgage payments?
As a first time home buyer is this the smarter route to go?
Major information!! Gems on gems. Love Matt!!!
Appreciate all this info. Just a quick question can I use my LLC for this type of loan?
Incredible information. Thank you
This was awesome and well presented.
This was an exceptional video, you have a new subscriber. I did not know about 203k until last week, we made an offer on a house and our loan officers and realtor are not too familiar with 203k loans, so I wanted to be very familiar myself. Your video was absolutely priceless, wish we knew about this type of loan at the beginning of our house shopping process but it is alright. Thanks again.
some of these are hard to get, i could refer a program i got easily
Much blessings on the info 🙏🏾🙏🏾🙏🏾 extremely helpful
Fantastic! This was well executed. Thank you so much for using your valuable time to help others
God bless you.
Would you recommend doing an appraisal first to determine the potential equity you have in the property to determine the value for the principle loan plus the reno cost?
Also MANN APPRECIATE THE HELLA GEMS AND INFO SHARED IN THIS TUTORIAL!! WILL FOLLOW THIS TO THE T!!!!!!
Official gem dropper. Thank you!
So what if you don’t have any comps in the area if zone allow you to change a duplex into a quad?
Great information MG, thank you!
Hello Matthew, thank you for the gems you have shared.I'm interested in the 203k Standard but I noticed you do not cover AZ.Do you have and referrals for a good lender ?
Thank you for this video!!!
Great video. How do I find contractors that have experience with 203K in Atlanta area?
My daughter is looking for a house and this info will benefit her greatly. Thank you for doing it.
Thank God for you my Brother. This is no doubt great information for me to start the process of acquiring my first home as well as beginning the journey of becoming a real estate investor. Gratitude my peoples N Dat MF'N Order! ✊🏿🏁
This was very informative, thank you!
For me, meeting the right partner has simplified my life even more. It’s such a blessing that my wife and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what she lacks, she’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!
On that, real time credits to *ROCH DUNGCA-SCHREIBER,* she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience..!.!
Thanks so much I was able to find her page and I already leave her a message...
Great Class!
Thanks! I needed this!
Hey MG! I enjoyed your video, I saved it from a year ago. I just watched it again today would you say this is the way to go for 2024/25?
Should I FHA first, or subject to !?
I’m a first timer looking for property to rent and house hack !?
Can this apply towards the construction of an ADU? I'm considering buying a 4 unit where I'm renting out 3 of the units while living in one plus building and accessory dwelling unit attached to the property.
Well done ❤ thank you. 💎
Should I find the home first before applying for the loan? I worry to find the home and not be able to qualify for it.
Great Video!
When will you add Ohio to your arsenal of states? I would Love to use your services.
Thank you MG. YOU THE MAN
Great information! Thanks for sharing!
What if you are receiving social security?
Can I use a 203 Standard for mobile home? Placement of perc test, septic tank, etc?
Great overview of the 203k thank you
Where is the card link for the rental income link and all the links to the other videos you mentioned?
I'm in Washington and wanted to know how I could get a 4 unit, live in one rent the rest, and this is a perfect strategy for buying below market value, and getting updated construction. Forced appreciation, this is it! I'd love to do this
Would a HUD Consultant be able to possibly link me with a contractor that they are familiar with?
Excellent info, how do we go about contacting you for general contractor and hud consultant referrals in the NJ area?
take a look at our services too, we also accept projects in the NJ area
Great info bro thank you 🙏🏽🤜🏽🤛🏽💯
Great picture of what the 203K Loan is all about. And, much of what you revealed in this presentation can be applied to other application processes. Much appreciated MG! Continued Blessings to you, your family, and your team.
Is there a way I can schedule an appointment with you regarding loans?
Wish I saw this a year ago but great information!
Thank you for the insight on the FHA 203K loan and process
Thanks for the great videos, I have a question that you or someone here can hopefully help me with. My grandfather has a property paid off in Miami, he wants to go back home and wants to take over the property. It needs a lot of work, pretty much would have to demo and rebuild, so the 203K loan would be perfect for this. If I aquire the property via a quitclaim deed, can I then get a 203k loan to do the repairs or does my grandfather need to sell it to me? My loan officer is not sure, so hopefully someone can help me out here. Thanks in advanced for your time and help. JP
MG, I live in Texas. I'm looking to purchase a fourplex with 203K, and have questions your services. How do I contact you?
Thank you my brotha
This was awesome 😮
Great info
Thank you 💯💯💯
This video was very informative thank you
some of these are hard to get, i could refer a program i got easily
With the business bank account, you said direct deposit. Can this be a transfer into the account?
This is so helpful!! My next question is how much of a loan should be considered?
some of these are hard to get, i could refer a program i got easily
Omg this was so informative! I never considered a rehab home because I assumed they were mainly for investors to fix and flip. I'm now thinking it's a great option as a primary residence. From one 🗽🍎 to another, thank you 🙏🏽❤
Iam a first time buyer, I love this
You stated you're licensed in PA? Does this mean you have some consultants in that area as well or just for the realtor end?
We are in the process of trying to close on a small 203k loan (only asking for $15m for rehab). We originally had a closing date of August 4th. We had all contractor, inspections, and appraisals finished and sent in within days of asking. We’ve completely lost all faith in our mortgage lender CCM. They pushed closing to last Friday then today and now we are told not today. There’s 9 underwriters and none of them are on the same page. We’ve got contractors coming in next week, we’ve sublet our apartment and have to be out on Sunday so now we’re just at the mercy of the underwriters. Sorry for the rant but we would never do another 203k loan again. Would love your lender recommendations tho 😭
some of these are hard to get, i could refer a program i got easily
Thank you
Hey, I need to get in touch with you. How is this possible? I only have YT and FB as social media platforms. I have some questions.
we have a 203k playlist, that may help you
Contractors will not work under 203k requirements in TX
Do you have any connections in the Detroit area
The feasibility inspection report or SOR was 1000.00 it is 16 pages didn't know the 3-6 months payments had to be on it thanks.