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Updated 6 months ago on . Most recent reply

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Vida Lolitaa
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Agents to work with.

Vida Lolitaa
Posted

I Would like to know what is the best way to find multi family properties and what is the best way I can find someone to work with helping me find the right property? 

does anyone know the best sites to find properties, land and realtors? 

what are the best loans for multi family homes? What loans can you take with the smoothest flow before and after purchasing a property? FHA, or owner occupied investments? I know u can use FHA w only 3.5% down but I know maybe u would have to figure it out with the mip so u can have a better deal but how would you know how to get the lowest mip for a deal?

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Patrick Roberts
#2 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Charleston, SC
429
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577
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Patrick Roberts
#2 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Charleston, SC
Replied

You'll need to work with an agent who specializes or has some skill in this and who understands investing. Most stuff in CHS that's worth buying is gone in pocket listings or shortly after hitting the MLS. Finding a deal on the MLS will take a ton of time and searching. Charlsi Kelley, Jillian Weatherford, Lisa Patterson, and most of the agents at Maven Realty would be able to help with this. I can make introductions if you'd like.

For the financing part, it sounds like you're considering househacking. I recommend nailing down your financing plan before going to look for properties. Multi-family househacks are powerful, but there some tricky, intricate rules that have to be followed that are specific to each loan type (Conventional, FHA, etc). You really want to have this piece firmly in place before floating offers.

Feel free to DM me if you'd like - I'm more than happy to help.

  • Patrick Roberts
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