So… do you happen to know a friend or family member, maybe a son or a daughter, who is looking to be a homeowner AND investor? As we know, real estate investment properties represent an amazing opportunity to create passive income. Yet, this opportunity once seemed unreachable for those who were just starting out or those who don’t have a 25% down payment. I am here to tell you: “opportunity knocks!”
Did you know that there are loan programs that allow owner-occupied buyers to purchase a duplex for as low as 3% down? A triplex or 4-plex for 5% down? What an incredible way to jump into homeownership! This option allows buyers to live in one unit and collect rent on the rest, thereby significantly offsetting the total cost of ownership.
Who do you know that might benefit from learning about this type of opportunity? Just a note; there are income restrictions on these programs, as they are meant to help those who are not (yet) millionaire investors. We are looking for newbies that are interested in investing by “dipping a toe” before taking any leaps into single unit investing. It never hurts to inquire, so call us today and we can help you figure out if this is the right opportunity for you!
Welcome to our blog. We hope to be able to provide you with some valuable resources about selling and buying a home in the Twin Cities. We may also include a favorite recipe of ours from time to time, so check back often.