Updated: Dec 1, 2020
Our client came to us looking to purchase the 4 unit residential building pictured below. By implementing an FHA loan for our client we were able to achieve a loan with a LOW 3.5% down payment!
The purchase price for the property was $625,000 with a down payment of 3.5%.
His monthly terms were: 2.75% (2.875 APR) interest rate on a 30 Yr Fixed loan!
Client lives in one unit, and rents 3 others out. By renting the other units out he is collecting rent and ONLY PAYING $1650 FOR HIS MORTGAGE on something he will eventually OWN!
Be the LORD to your own LAND, and have your tenants pay for it!
Check out our Instagram for more examples of Commercial FHA purchases!