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I am trying to get pre-approved to buy a multifamily property. I am wondering how to get some sort of pre-qualification letter. I can’t get a straight answer from my bank. I would love to hear your feedback on this.
[00:32] What do you need to do to get pre-qualified for multifamily?
[00:40] Assess the property itself
[01:07] Learn the framework of commercial financing
[01:46] Re-think about not being-prequalified but learning the fundamentals of the multifamily financing
[02:15] Formulate a plan of what type of loan would be best
[02:25] Certain multifamily loans have different criteria to qualify for
[02:51] How many percent of cash equity down payment would you need if you are buying a million-dollar property
[03:04] Multi-family as a team sport
[03:18] Book a call with Beau – http://bookwithbeau.com/