The Breakthrough Moment in Property Investment

Ready to finally get your foot in the door of the property business? Buckle up for a game-changing conversation with my buddy Rocky, as we unpack a major shift in the real estate market that has the potential to kickstart your journey towards generational wealth. We're talking about Fannie Mae's seismic policy change, effective from November 18, 2023, that now accepts a 5% down payment on owner-occupied two to four unit homes, a significant shift from the prior requirement of 15 to 25% down payments! 

In addition to this, we're also breaking down the encouraging update on income proof requirements. Fannie Mae has eased the pressure on budding investors by reducing the mandate from two years of self-employment income to just one. So, if you're on the edge, waiting for the right moment to plunge into property investment, this might be the catalyst you need. Tune in, get educated and let this be the breakthrough that propels you towards a prosperous future in real estate. So, are you ready to grab this golden opportunity and set your financial journey on the fast track?

Podcast Intro 

Transcript

Speaker 1: 0:39

What's going on, bro, me and my boy Rocky, back at it again. How you doing, bro, doing good, good. So this is going to be real quick, but we had to bring this out. So, uh, did you work? Fan and maze going to be doing November 18 of this year, 2023? Oh yeah, our investors are right here. Oh, yes, it is.

Speaker 1: 1:00

I got to read this fresh off the press, right here with the about to do so. It says, in the significant policy change, fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner occupied two, three, four unit homes. This marks a departure from the previous five previous multi-family finance requirements of 15 to 25% down payments for duplexes, triplexes and four flexes. That's a game changer right there. Oh yeah, that's. That's so huge. I and another part too, that gets me also. So you know the 15, 25%. But then it says, uh, before it was, you must show two years of self employment income. Now, starting November 18, 2023, you only need one year. I can't help it. I can't help it so much. Uh, you know, people just get into it. And no, no, no one has that much history, good history, you know. But now you want to come here a history income and sit down versus 15, 20, because who has 15, 20% just laying around, laying around, especially trying to get into the business, to get into the stuff? So now, how, about two months? And now it's just like, okay, it's fine, it's fine, these four places, exactly, yeah. So, if anybody really wants to invest, oh, this is, this is gold right here, this is gold right here in the making.

Speaker 1: 2:41

When I, when I heard that this was coming about, I was like I got to share this because some people have no idea what's about to happen. Yeah, but yeah, if you can find, if you can, anyone can find a two, three, fourplex um by November 18th, or you can find it before, and then you can do all the paperwork on the 18th. So be it, go for it, because, man, that that you can start off doing with that generational wealth, just take that one, that one opportunity. Yeah, change your life, change the directory of your, your life Exactly. And that one deal and they say what after one deal was it? It makes it easier, yeah, makes things so much easier, because you know what, you know what you went through. So, yeah, so, uh, which one? Everybody know what's going on with that, with November 18th of this year 2023. And if you're able to invest, go for it. It's, it's it's for the taking right now. So, uh, I'm not dead on that note, peace.