Buying Apartment Properties
FHA/HUD Multifamily Loans - The Complete Guide
The Truth About FHA/HUD Multifamily Loans
As the founder of Apartment Loan Store, I have closed over seventy FHA/HUD Multifamily loans since 1999. I can tell you, they sure can be a hard sell. Why? Because there are just as many negatives about these loans as there are positives and I always insist on informing my clients the negatives in our first meeting. Several Weeks ago, Randy, a real estate developer who had just rented up a 147-unit apartment building he built in Dallas, emailed me a quote from his bank for a permanent loan and asked me to beat it.
Buying Multiple Houses with a HUD/FHA Loan
Buying multiple houses with a HUD/FHA loan for the purpose of renting them is not allowed. An FHA residential loan can be used to purchase a duplex, triplex or fourplex and renting units out is allowed as long as the applicant occupies one of the units. HUD multifamily will not finance 1 – 3-unit properties in any configuration. However, HUD will finance 2 or more contiguous fourplexes on one or individual tax lots.
2023 Commercial Interest Rate Outlook
By Terry Painter/Mortgage Banker, Author of “The Encyclopedia of Commercial Real Estate Advice”.
January 1, 2023
Low Cap Rates and High Interest Rates Explained
March 23, 2023
By Terry Painter/Mortgage Banker, Author of: “The Encyclopedia of Commercial Real Estate Advice” Wiley Publishers
Why Apartment Building Prices are Going Down
March 8, 2023
By Terry Painter/Mortgage Banker, Author of “The Encyclopedia of Commercial Real Estate Advice” Wiley Publishers
Raising Money for Multifamily Properties - for Beginners
By Terry Painter/Mortgage Banker, Author of “The Encyclopedia of Commercial Real Estate Advice”, Wiley Publishers. Member of The Forbes Business Council
THE SHOCKING TRUTH ABOUT CAP RATE
Cap Rate stands for capitalization rate and is used in commercial property valuations. Cap Rate is simply the net operating income (income minus expenses) divided by the purchase price or appraised value.
Commercial Real-Estate - A Great Investment
August 30, 2017
If you have money to invest, read this article. Why? It tells you a number of reasons for commercial Real-Estate being a great investment. Some think it’s the number one investment of all investments.
Let’s get right to it:
1. The Power of Leverage –
CLOSING 97% OF OUR MULTIFAMILY LOANS AS PROPOSED
Getting the right loan and the lowest rate requires wisdom and finesse. If you’re ready to partner with a team of professionals who’ve built a foundation on straight talk and true strategy, we are the loan store for you.
28+ YEARS OF OVER-DELIVERING VALUE.
HUD Loans are one of the best options with the current level of interest rates. For a complete guide to HUD Multifamily Loans please go here: