FHA financing will not only let you buy with a low down payment, but they’ll also let you buy a two-unit property with it. Here’s how.
One of the problems that I’m noticing in our local community in the L.A. area is the cost of buying real estate. It’s probably happening in your area too. It seems that the communities where we want to live are getting priced out of what we can afford.Verify my mortgage eligibility (Dec 2nd, 2020)
Allow me to suggest a solution that I discovered through FHA financing that might allow you and I to buy a new property sooner than we thought we could. In fact, you and I might even be able to get into the neighborhood that we’ve always wanted to.
One of the things I love about FHA financing is that it lets you and I buy a two-unit building. Then, you can live in one of the two units and use the other as a rental. The rental income you collect will allow you to qualify to buy the home in the first place.
This gives you two streams of income with only a 3.5% down payment. Talk about an incredible opportunity! If you have any questions for me or you’re interested in this kind of investment, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.Show me today's rates (Dec 2nd, 2020)