A multi-family home is a residential property that is intended to house 2 to 4 families. These kinds of homes includes duplexes, triplexes, and fourplexes. You can even purchase a multi-family home through an FHA as long as you live in one of the units. This offers you a really great opportunity to get into investment properties right now while the interest rates are remarkably low! For more information about FHA multi-family loans visit
Even if you're not interested in going through FHA, you can still buy a multi-family home with a standard residential mortgage loan, which gives them a distinct advantage over apartments. This means you will get a lower interest rate because it can be your primary residence, giving you added income with 1 to 3 additional streams of income from rent ... and if you want to buy more properties later, 75% of your rent can be considered income for the purposes of qualifying! Wow!
If you are interested in purchasing a multi-family home as an investment property, be sure to consult our Investment Specialist, Nicole Hunt because it's a little different than purchasing a single-family residential home. You can call Nicole at (801) 829-1678 or if you prefer use our Contact Us form.