Attainable Income Properties for Owner-Occupiers

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Dan Hubrich and the team at Mountain View Mortgage are back this month to tell us about how buying an income property has been made easier for us regular people. Let’s take a look.

We are thrilled to share some exciting updates in the world of mortgages that could open doors to new possibilities for you as a prospective homeowner and real estate investor. 

Recent Changes 

As of November 20th, 2023, there has been a significant shift in the mortgage landscape, particularly for those interested in owner-occupied multi-unit investment properties. Previously, potential investors were required to put down a minimum of 15%, but we are pleased to inform you that this requirement has been reduced to just 5%! Yes, you read that correctly – now you can explore the world of real estate investment with even more flexibility.

Unlocking New Opportunities 

This change in the down payment requirement for 2-4 unit properties creates a unique opportunity for individuals who wish to own a property and generate rental income from additional units. Imagine living in one unit while renting out the others, helping to offset your mortgage expenses and potentially even turning a profit. This strategy can be a game-changer for those looking to build wealth through real estate.

Benefits of Owner-Occupied Multi-Unit Investment:

  • Income Generation: Owning a multi-unit property allows you to benefit from rental income, helping you build wealth and achieve financial goals faster.

  • Lower Entry Barrier: With the reduced down payment requirement, the barrier to entry into real estate investment has significantly decreased, making it more accessible to a wider range of individuals.

  • Strategic Investment: This approach enables you to strategically invest in real estate while enjoying the benefits of homeownership. It's a win-win situation!

What's Next?

If you've considered entering the real estate market or expanding your investment portfolio, now is an excellent time to explore the possibilities. Our team of experts is ready to guide you through the process, answer any questions, and help you make informed decisions.

 Don't miss out on this opportunity to turn your dream of homeownership and real estate investment into a reality. Contact us today to discuss how these changes can work in your favor.