How To Purchase Your First Multifamily Property! Basic Steps, Tips, and Success Stories

Рет қаралды 11,350

Күн бұрын

Learn the essential steps required to buy your first multifamily investment property. Additionally, we answer the most commonly asked questions and give you exclusive pro tips from experienced multifamily real estate investors. #realestateinvesting #multifamily #realestateinvestor #realestatetips
0:00 Introduction
1:06 The Right Mindset & Generational Wealth
2:32 Why Do People Buy Multifamily Properties?
5:40 First Step (What do I qualify for?)
8:54 Credit, Employment, Debt/Income Ratio, and Reserves
12:00 Interest Rates (and waiting for low rates)
21:04 The Best Time to Buy Real Estate
23:24 Cash Flow and Appreciation
27:12 Rent Control & Housing Demand
30:00 Commercial (5 units or more) vs. Multifamily (4-plex)
36:44 Is this a Good Deal?
41:10 Multifamily vs. Single Family Home
42:14 Adding Value To Your Property
44:54: Recap
✉️ Get In Touch: www.sageregroup.com/youtube/
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Juan is a Licensed California Real Estate Broker that has acquired his Certified Commercial Investment Member (CCIM) designation and a Real Estate Investor who is dedicated to helping people build wealth and financial independence through real estate investing. Today he handles everything from finding, funding, designing, managing, and selling investment properties. His diverse experience in commercial and multifamily real estate allows him to develop and navigate a wide range of projects.
www.sageregroup.com/team/juan...
Caleb oversees asset performance and provides decision-making support for a portfolio of real estate investments totaling over $65 million. With a proven background in investment analytics, asset management, and commercial brokerage, he possesses all of the necessary skills to support his clients in every stage of ownership, while guiding them to their investment goals.
www.sageregroup.com/team/cale...
Sage Trust Mortgage
We offer full-service mortgage lending services to help you build wealth through homeownership and real estate investing.
www.sageregroup.com/mortgage/
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Пікірлер: 29

@jasonjosephlee 5 ай бұрын

Appreciation is great. Cash flow is nice but if you can hold on for appreciation, that's the best thing you can do long term.

@SageRealEstate 5 ай бұрын

Correct 👍 Thank you for commenting!

@richiep4782 4 ай бұрын

What if you don’t have the money to put down payment or start having some money to put down im 31 years old I wanna start doing something in my life where I wanna challenge myself I feel like this can be my life can you guys help me out

@ginacardarella 7 ай бұрын

To me depending on your age. I think cash flow is more important, especially now the way things are costing so much more. Money you need that cash then appreciation

@SageRealEstate 7 ай бұрын

If cash flow is important, then you must put a significant amount as a down payment. But most people don't have that.

@tke-nationupsilonpi9544 9 ай бұрын

Can you do a detailed example of single family ,duplex and fourplex loan amounts people get approved for and what they would need to make for each ? I’m currently planning on looking in the Berkeley/Oakland area for a fourplex myself so this video would educate me a lot .Thanks!

@SageRealEstate 9 ай бұрын

Thank you for the suggestion. We can do a case study. What price range are you thinking of?

@tke-nationupsilonpi9544 9 ай бұрын

@@SageRealEstate Thanks! From watching your videos I know duplex’s are in a different category than a fourplex for getting approved. It’s pricy in the area I’m looking at, but I’m thinking of $900,000 or $1,000,000 to make the numbers easier. Duplex would be around $700,000. Would be 5% down. Maybe do two different incomes as well like $60,000k and a higher one . Plan on renting the unit(s) for $2000 each at low estimate. Thanks again

@diane8784 9 ай бұрын

I agree; good question!👍

@Motherly977 5 ай бұрын

Hello. Can you talk about House Hacking and the BRRR method?

@SageRealEstate 5 ай бұрын

Ok, coming soon.

@adriandendulk6906 2 ай бұрын

In past videos, you mentioned referrals for brokers in other markets that make sense for younger investors. What markets do you have that we can check out? Detroit? Also, are you guys seeing a price correction in your market?

@SageRealEstate 2 ай бұрын

Yes, we definitely have Nationwide affiliates. Feel free to check out this page so we can refer you: www.sageregroup.com/youtube

@danielnolte3579 5 ай бұрын

I currently own a 4 plex in wv. How do you determine the cap rate in a given area?

@SageRealEstate 5 ай бұрын

The first thing you want to do is find similar properties other four Plexes in your area. It's important that you work with someone who specializes in multifamily property and they could help you calculate the cap rate on past sales determine if yours is in the same condition with the same income and then possibly apply that cap rate from the market to your specific property that will give you a value. Now remember that's just one metric there are other metrics that will need to be looked at.

@Thrivinglife3835 8 ай бұрын

I’m in the process of buying my third property. But I really want to buy a 4plex… but here in my area ( San Bernardino county) the 4plex being for sale right now is 1.3M . How can I buy it? It’s too expensive. I need to save more for down payment. 😊

@SageRealEstate 8 ай бұрын

$1.3M might be on the higher range for that area. I'm certain there are lower values for you to consider. Let us know and we can help you find and negotiate your next investment.

@lei_cao 3 ай бұрын

Hi Sage, do you have any multifamily broker/advisor connected and recommended in Dallas Fort Worth and Austin area? Appreciate the recommendation

@SageRealEstate 3 ай бұрын

Hello, Yes we definitely do. Please go to www.sageregroup.com/youtube so that we can help refer you.

@WallStreetIceCream 29 күн бұрын

My problem is lack of capital I have good credit but need funding

@anthonyj.4756 16 күн бұрын

DSCR loans or get excellent at finding good deals, then partner with someone that has money.

@RBGoodfat 7 ай бұрын

Do you guys have someone you can link me up with in the Homestead, FL, south of Miami area?

@SageRealEstate 6 ай бұрын

Hello yes we do please send me an email and we'll make the connection today.

@larryhaines8653 6 ай бұрын

Hello I am an older veteran in PA geting close to retirement like to use my VA loan for 1st time for multi units do you have anyone I can link up with.

@SageRealEstate 5 ай бұрын

Hi Larry , would you mind emailing us and letting us know specifically in what area you're looking to purchase so that we can make the right referral connection.

@ginacardarella 7 ай бұрын

Be careful if you're going to airbnb and make sure that you are allowed to do it if you're under rank control. I don't believe you can in the city of los angeles Remember when you build an ADU you're property taxes? I believe go up to, so be prepared for that. And there's a lot of other things they hit you with so. Do a lottery search don' just go and depend on a builder

@SageRealEstate 7 ай бұрын

We agree when you buy a property make sure you have a back up plan should the city not allow the Airbnb option?