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Updated over 2 years ago on . Most recent reply
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Best Multi Family Purchases in California?
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!
Most Popular Reply
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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