How to purchase a multi-unit property? Are you ready to start maximizing how
much money you make on each property? Have you decided that
you can make a lot more money if you have more units in one property than
just one unit at a time? Well, that means you're pretty smart.
Multi-units are the smartest way to invest in real estate, it's one of the
fastest most efficient ways to get it done.
But there's a couple of things that I need to share with you so that you do it
right and you make money every time. Let's go.
I'm going to share with you my big secret on how to get your first
multi-unit property in like the next 30 days (this is super fast) even if you
don't have any money. I'm gonna share with you my
quick 3-step process to getting a multi-unit that is
profitable, not one that's going to lose money. You got to make sure you're buying
the right property. And last but not least I'm going to
share with you my super secret insider trick so that you can make double or
triple what the average investor makes on their properties.
So, let's talk about real estate investing and let me first tell you the
difference between single-family residences and multi-unit
properties because there is a big difference. And I'm going to quickly
explain it to you so you know exactly the difference and you know how to
invest in what you're looking for. So, of course we have single-family residents,
that's one unit at a time. That's a house, that's
a condo, you know one person can live there or
one family can live there. Again, it's called single-family residents for that
reason. A multi-unit is a 2 or more unit properties. So, a duplex,
a triplex, a quadruplex or a small apartment building with 10 units 20
units or it can be as large as a large
apartment complex with hundreds of units, okay? So, those are the
main differences but let's quickly talk about even just the differences between
multi-units. So, 2 to 4 units are still
considered single-family residences in a sense. You
can still get regular financing on them, you do not have to use commercial
financing. If you get 5 or more units, that is
considered commercial real estate, that is a separate type of transaction when
it comes to mortgage financing. And you will have to get a different
type of lender for that. There's different lending criteria and this is
what i want to talk to you about because it is so
important because there's so much opportunity in one of these areas
for people that don't really have much money for them to get started.
So, we're talking about how you can start to get your own
multi-unit properties. Again, without spending very much money and without
having to you know liquidate all of your funds or save a
bunch of money, I want you to be able to do this quickly.
So, in the realm of multi-unit properties, you have 2 to 4 units
and then again you have 5 and up. Remember, 5 units and up was
commercial real estate. And in fact, if you wanted to get into
commercial real estate it's definitely not very difficult. But it is a whole
separate type of financing, it's commercial financing.
So, let me tell you the easy way to kind of get some multi units,
2 to 4 units. 2 to 4 units are still considered
regular traditional financing. You can get FHA lending,
you can get government loans like VA or USDA, you can get
conventional financing, okay? So, normal traditional
financing that does not require you to put a lot of money down.
In many cases, you only have to put down 3% or 3 and a half
percent depending on if you're going with a government type of loan
or if you go with a conventional loan. Additionally, because we are still
talking about primary residences homes at you know
single-family homes, residential property, you literally can
get funds for your down payment so that you
don't have to come up with the money out of pocket. There are all of these
programs out there, down payment assistance programs,
you can use your business credit, I'll share a couple little secrets later for
you. But again, you don't even have to source the
3% yourself. But again, that's a super small amount so
let's think about this for a second. If you find a 2-unit, just a simple 2-unit,
it's a hundred thousand dollars, okay?
You only have to put down 3 or 3 and a half percent. So, I'm only talking
about like $3,000 or $3,500,
this is not a lot of money. Additionally, if you don't have a primary
residence and i'm gonna tell you about how to do
this and you buy this property and you kind of house hack.
You literally can live in this property as a primary residence
and you can get all of the down payment from a grant,
from a downpayment assistance program, you can get it from a gift,
yes, literally it can be a gift from a family member or
from you know a relative and things like that. So, again there's tons of different
ways where you don't have to put any money down and you can end up with
multiple units and in this case up to 4 units. So,
literally this is how you want to start. So, let's
talk about a super slick way, okay? This is kind of new,
a lot of people aren't really discussing it but there's a few people that have
kind of talked about it but i'm going to tell you how to really do it.
And this is called House Hacking. So, this is where you literally either
buy a property, you live in it for just a few months or a limited amount of time.
You buy it as a primary residence. Again, you're not going to commit mortgage
fraud, you're literally going to move into the property.
And you either live in the property for a limited amount of time and then turn
it into a rental property or what i'm going to tell you to do is
get a multi-unit and you live in one of the units and you release
out the other units. So, that those other units are essentially paying for the
entire mortgage. And in many cases especially if you can
get a 4 unit, you're actually making a profit, okay? So, again with the 2-unit,
most likely you're probably going to break even somebody's paying down your
mortgage. You're really not having to come up with much out of pocket.
If you can get a 3 unit, you're probably making money. And if you get a
4 unit you're probably definitely making money.
So, this is House Hacking. This is where you live in the property and then you
have the other site that you either rent out
and you start making money on and you use conventional financing. You
use normal traditional mortgages in order to accomplish this
so that you don't have to put out much money, you don't have to bring
big down payments and you literally can get very very low
interest rates. Right now, interest rates are like 3% and less. So, this
is an amazing time to do this even if you don't have the
best credit. I can tell you how to get this done,
it's super easy. So, this is awesome time. I'm about to tell you a big bonus. But
before I do this go ahead and make sure you click that like button if you're
enjoying the information that I'm teaching you. I'm putting all of this
content out here for free. And algorithm loves when you push that
little like button. Or comment below, I read all of the
comments so go ahead and comment and tell me kind of what questions you might
have. So, let's get to the next point. So, the
next thing that you want to do is to really make money is like I said
if you're going to house hack or if you're going to
put some of those units on rental, you can do a combination and start to
diversify. So, you can do long-term tenants, where you sign long-term leases
for like one year or two years and you have that guaranteed money they just pay
you one time per month. But even more profitable way that I've
stumbled upon in the last couple of years that is
making me so much money is Airbnb and the short-term rental side.
So, what you can do especially if you have like a 4-unit, you literally can
live in one of the units. Of course that's yours, you stay there,
you're fine. Then you have 3 more units that you can play with. You can put
them on long term, you can do one of the units and make it a long term. We have a
tenant that stays there for a year. And then you can make 1 or 2 of the
other units a short-term rental property. You put it
on Airbnb, Home Away, Vacation Rrental by Owner,
Booking.com and you rent it out on a nightly basis
On average, I make like $1,500 per
month as a minimum on my Airbnb units, okay? That's renting them
out even with everything that is going on. We rent them out for like a
$140 per night. You can see this unit that we're in
right now, this rents for like $200 per night. So, you
actually make way more money than you would with the
long-term tenant. Just giving you a quick example, you know
this place might rent for maybe $1,200 or $1,300
per month. But if I put it on Airbnb
and I rent it out for 200 per night, even if I only have it rented 10 nights
let's think about that for a second. 10 times 200 that's 2,000.
So, I'd actually be making more money and I do make more money
when I go ahead and I furnish them and I put them out and I rent them on a
nightly basis. But what i'm suggesting to you is do
both, okay? I don't have all of my properties as long-term tenants. I don't
have all of my properties with short-term tenants. And so, diversifying
and putting some of my tenants as long-term tenants and some of my tenants
as short-term tenants, this really helps me mix it up and this
is a great way on how I make way more money on my properties
especially my multi-units than most people could
ever even imagine. So, another quick thing that I want to
tell you about that you can do again especially if you want to buy multi-unit
properties and this is new, okay? This is like hot off the
presses type stuff. You can create a crowd
fund, okay? You can do a real estate crowdfund where you pull
money together with lots of people, you could do 5 people, you do 10 people,
however you want to do it. You can do a professional crowd fund where you use a
website like truecrowd, that's T-R-U-C-R-O-W-D dot com.
You'll see on the true crowd website, you'll see our crowdfund which is new
Nuurez, N-U-U-R-E-Z, that's a company where we've
pulled our money together and we're buying
properties and multi-units and putting them on
Airbnb. We're doing a lot of short-term rentals and we're making great profits
and we're splitting those profits with our investors. Now, I tell you this
because this is something that you can do as well. So, if you want to start
buying multi-unit properties, this is a great
way. You'd be surprised how many people
are interested in real estate and how many people would want to go in on a
multi-unit property. And it doesn't take a whole bunch of money to do it.
When I say crowdfund, you don't have to raise all of the money to buy the home.
You literally can crowdfund and raise just the down payment or even just the
earnest money and do seller financing or some other
creative financing type of things to secure that property and then you
guys split the profits. It's super easy to do, it's not as
difficult as people think. I literally just gave you a total
breakdown on how to do it and you can even check out our company
Nuurez, N-U-U-R-E-Z and do everything that we're doing. I
want you to copy me or I want you to invest in our fund and see exactly how
it works. This is definitely what you should be
doing right now. Okay, so please take a moment again to
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I'm giving you all of the tools, all the knowledge and all of the resources that
you need to be successful. This is Noelle. To your success.