This is a Multifamily financing question! Please help

[Cirilo Villar]

If I show the lender proof that tenants at a potential investment property can pay the mortgage, and then some.



Will they approve my loan?

Should I still save money just in case?

And if so, how much should I save up from my own money?

I currently work a W-2 job , live in Rancho Cucamonga, CA and I want to purchase my first multifamily investment property. I also have good credit.

Lastly, if anyone is in the Rancho Cucamonga (inland empire) or Los Angeles area let’s meet up! I would love to provide value in exchange for knowledge and experience.

[Justin Hammerle]

Through an FHA loan, rental income will be given consideration as your total income stream in addition to your W-2 income. If you are a first time buyer and can qualify for an FHA, it may be your best route to acquire your first multi. Down payments on FHA are around 3.5%, additional closing costs could run you about $5k or so depending on the size of the property.