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How to Buy a Multifamily Property in 10 Steps

The Close

The right loan type for your investment depends on the property you choose to buy, so you need to be informed about each property type before shopping for homes. For example, you can get a Federal Housing Administration (FHA) loan and pay a smaller down payment if you purchase a triplex where you plan to live.

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4 Benefits of Pre-Purchasing A Flipped Home | CT Homes

CT Homes

Since they financed the fix-and-flip with a hard money loan, they’re on a time crunch to get the property sold, and they’re not willing to drag out the sale with multiple appraisals. That also means they’re less friendly to buyers who are using FHA loans because FHA loans require multiple appraisals.

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article thumbnail

4 Benefits of Pre-Purchasing A Flipped Home | CT Homes

CT Homes

Since they financed the fix-and-flip with a hard money loan, they’re on a time crunch to get the property sold, and they’re not willing to drag out the sale with multiple appraisals. That also means they’re less friendly to buyers who are using FHA loans because FHA loans require multiple appraisals.

article thumbnail

4 Benefits of Pre-Purchasing A Flipped Home | CT Homes

CT Homes

Since they financed the fix-and-flip with a hard money loan, they’re on a time crunch to get the property sold, and they’re not willing to drag out the sale with multiple appraisals. That also means they’re less friendly to buyers who are using FHA loans because FHA loans require multiple appraisals.