Unlock Financial Freedom: Buying Multifamily Properties Without Income
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Today on Commercial Property Advisors, we're shattering the notion that buying multifamily properties without a job or income is a pipe dream. The team reveals strategies like non-qm multifam loans and creative financing, particularly the powerful master lease agreements. These methods offer a glimmer of hope for those feeling stuck with single-family rentals or facing the harsh reality of job loss.
When it comes to non-qm multifam loans, forget about traditional requirements like W2 forms. Instead, focus on your credit score and the income generated by the property. Creative financing, on the other hand, involves no banks, low down payments, and a deep dive into seller motivations. This channel specializes in the intricate dance of master lease agreements, a game-changer in the commercial real estate realm.
Understanding the importance of calculating the debt service coverage ratio (DSCR) is paramount for loan approval. A ratio above 1.2 is the golden ticket to attracting lenders like bees to honey. The channel walks you through a practical case study, illustrating how to crunch the numbers for an 8-unit property. Master lease agreements, with their win-win nature, grant buyers full control over the property and the promise of future equity gains.
Knowing when to deploy a master lease is crucial for success. For instance, when a seller is on the brink of burnout and desires to offload the property while maintaining some income, a master lease agreement could be the perfect solution. So buckle up, because Commercial Property Advisors is here to guide you through the maze of commercial real estate investing, showing that financial freedom is within reach, even without a traditional job or income.
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Image copyright Youtube
Image copyright Youtube
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