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Updated over 2 years ago on . Most recent reply

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Best Multi Family Purchases in California?

Matthew Hontz II
Posted

Hello! 

Currently I have around 10k+ saved and recently just started as a real estate agent. What are the avenues to invest in a multi family here in California? Do I need more cash on hand for a loan? Is it better to look out of state? What are some great networking opportunities?
I'd preferably want something that would cash flow easily. 

Thank you!

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Erik Browning
  • Lender
  • CO CA TX WA ID OR
542
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419
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Erik Browning
  • Lender
  • CO CA TX WA ID OR
Replied

Hey Matthew, looks like you are in Sacramento. There are locations in that part of the state that are eligible for a USDA loan.

USDA loans are 0% down and have maximum income limits that enable low-mid income earners to get into a home. You may be eligible for this product and you can find both the USDA Income Req's HERE and the USDA Property Location Req's HERE. Sacramento's surrounding areas have a lot of available real estate that is eligible, as long as you meet the income guidelines.

  • Erik Browning
  • (707) 595-7574

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