Multi Unit properties in Salt Lake, Utah and Davis Counties
Are you currently being priced out of the housing market due to the high interest rates? How about a multi unit property like a Duplex, Triplex or Fourplex? This is a great option, but in the past lenders have required 25 to 30% down to buy these properties. Katrinka Condie, one of my lender partners has a great option that can get you into a multi unit property for as little as 5% down.
Plus this will give you a lifetime income stream for as long as you own the property. If you're planning on the future, there is no better option than this.
This program is for owner / occupants. In other non realtor terms – you live in one unit, while renting out the other unit to help offset your mortgage payment. Easy peasy. Become a landlord instead of a tenant.
Here are some great properties that qualify. Check them out. https://www.utahhomesales.com/area/salt-lake-county-3/
This really is a very exciting program. Take one minute to listen to Katrinka Condie with Neo Homeloans tell you about this awesome program. If this sounds interesting, lets talk. Don't pass up this chance, when the market changes again this low down payment offer will probably disappear.
With high interest rates, is now a good time to buy?