How-To Get Government $$$ to buy your FIRST Apartment Complex - Real Estate Investing for Beginners

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In this video I talk about the government program that lends people money to buy multi-family real estate and will EVEN PAY FOR THE REHAB.

There ARE limits on the size of the loan, for instance in my part of Ohio it’s $718,750. If you’re wanting to buy in LA for instance they will loan up to $1,472,550.

While you’re at it, be sure to sign up to WeBull where you can get UP TO $1,400 as a free stock for signing up and depositing (It also helps the channel!) : https://act.webull.com/kol-us/share.html?inviteCode=9EZnruje313m

You can also sign up for my much longer, FREE lecture-livestreams at http://investmentjoy.com/teach where I talk about things like how I market my real estate business and build business plans to get investment money.

The FHA program, along with the 203k repair program and its ability to allow a person to purchase up to a 4-family complex is a pretty awesome tool to utilize to get into real estate investing. Please note that you’ll have to live there for at least 12 months, which at point you’re eligible to move out. As mentioned, I met one ultra-bright guy who went through the program, and hacked the heck out of his nice 4plex, eventually refinancing it and turning it into a 8 unit apartment complex with AirBnB Sublets, making $20,000+ per month on the whole project all while still getting the property with almost no money down.

To see loan limits of the FHA+203k program, check out : https://entp.hud.gov/idapp/html/hicost1.cfm

Here’s a really great article that breaks down more of the intricacies of the program : https://www.thebalance.com/fha-203k-loan-costs-and-pitfalls-315411

Now, having said all this you STILL NEED TO LEARN TO SAVE YOUR MONEY and get the down payment. However 3.5% down is much more managable and easier to do IMO than the “Normal” 20% down that many are told for their first duplex, triplex, or quadplex.

I’d love it if you joined our discord, where I have one of the biggest finance/business channels online! https://discord.gg/myuPtHt

Don’t forget you STILL can get UP TO TWO FREE STOCKS FROM WEBULL and also help support InvestmentJoy @ https://act.webull.com/kol-us/share.html?inviteCode=9EZnruje313m

I do post mini-updates on my Instagram at http://instagram.com/investmentjoy

If you’re curious what kind of equipment I use to make my videos, the whole list is at http://investmentjoy.com/brandons-equipment/ AND the security cameras I use at the trailer park & laundromat!