Types of Financing for Owning a Home Part 4 of 7: Living in a 4 PLEX that Helps You LIVE RENT-FREE!
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Welcome to a New Series here on Realty Check with Trish Williams! For the next few weeks, Trish will be having guests on to talk about Financing Home Ownership. What does this really mean you ask? Well, are you interested in buying a home but then think to yourself, "I don't have the money for that!" Well, it turns out you might.
This week on Realty Check with Trish Williams, returning guest Greg Cook is back with some riveting info- How to Buy a Four-Plex as a First Home and have Rental Income PAY your MORTGAGE! 🏠
00:00 Introduction
00:30 Our Guest Gregory Cook! Welcome Back!
01:15 Buying a 4-Plex!
01:55 Okay......What is a 4-Plex?
02:56 What Different Loans am I Looking at to Get Financed?
04:05 Does the 4-Plex Already Have to be Rented out for Me to Purchase it?
05:40 Are There Limits on the Loans?
06:50 Loan Limits Change Often! THINGS CHANGE
08:00 As an Owner-Occupant, Is This an Investment Property?
08:50 THIS IS ONE OF THE BEST KEPT SECRETS OUT THERE
11:10 OK Lets say I Qualify for a $300,000 home, does that mean I Qualify for a $300,000 4-Plex?
16:14 Are There Specific Requirements to be Eligible to Buy a 4-Plex?
20:45 Are There Down-payment Assistance Programs for Buying a 4-Plex?
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