Scott Griffin joins me to discuss how we can buy multi-family properties.
Today I have a special guest with me, Scott Griffin from Griffin Financial, to discuss some thrilling new programs for multi-family properties. Both he and I are passionate about multi-family purchases, so he’s the perfect person to help me with this topic. In the video above, we’re sitting in one of my listings that the seller originally bought for $600,000, put some money into remodeling it, and now entered escrow at almost $1.2 million. It even includes a rental unit that earns $2,300 per month. Today we’ll talk about new programs, changes to existing programs, and how they can benefit you.
Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video:
0:00 — Introduction to today’s topic
1:40 — If you own a multi-family property and live in one of the units, the rent you collect on the other units can help you live in yours inexpensively
3:00 — The brand-new low-down jumbo program
4:30 — You can now buy up to an eight-unit property with residential lending
5:20 — With the cost of homes increasing, if you own your home and a rental property, you’re doubly winning right now
6:10 — Now you can use accessory dwelling units to help you qualify to buy, despite the zoning
7:50 — Wrapping up
If you have financial questions about buying a multi-family property or anything else, call Scott at (818) 20-SCOTT. If you have any questions about buying or selling multi-family properties or real estate in general, you can reach me at (562) 316-2915 or email me at [email protected]. I would love to help you.
