44: How A Four-Plex Building Can Be Your Massive Wealth Generator (1 of 2)

#44: A four-plex apartment building can be your major wealth catalyst with an FHA loan and your small 3.5% down payment.

 

Live in one of the four units and rent out the other three. It’s exactly how Keith began investing in real estate.

 

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Listen to this week's show and learn:

 

03:05  Why a four-plex rather than another property type?

 

04:35  How to put as little as a 3.5% down payment on a four-plex apartment building with an FHA loan.

 

06:19  Common objections to owning a four-plex this way.

 

09:28  Different four-plex layouts - townhouse style vs. apartment style.

 

12:32  Do you live in a geographic market favorable to “owner-occupying” a four-plex? Here are some indicators.

 

14:30  Running the numbers.

 

16:09  Leverage creates wealth for you in an appreciating environment. But if the market loses value, leverage can become difficult for you.

 

20:48  Preparation: how to position your affairs to buy a four-plex.

 

23:35  Property selection considerations.

 

26:46  How to structure your purchase offer with the seller to your advantage.

 

30:25  By buying a four-plex, you’re starting off bigger than most well-known real estate investors have. Most people simply don’t consider buying four-plexes with FHA loans.

 

Resources mentioned:

 

MyFico.com

 

TheLandGeek.com/GRE and MidSouthHomeBuyers.com

 

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