Wealth Strategies for Apartment Investing
Disadvantages of HUD Multifamily Loans
The 12 Disadvantages of HUD Multifamily Loans
*Takes a Long Time to Close | *Older Properties May Have to be Remodeled |
*Higher Closing Costs | *Monthly Replacement Reserves Required |
*Minimum Loan $3,000,000 | *Working Capital Reserve for Construction |
*Annual Financial Audits | *Davis-Bacon Wages Required for Construction |
*Biannual Draws for Owners |