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Why We Love UNITS – FHA 4Plex Purchase in Vallejo

We have a borrower buying a Fourplex in Vallejo with FHA financing for $305,000 with a $10,000 credit for closing costs. His total “out of pocket” (including the down) will be just over $12,000 b/c of the large seller credit. The borrower’s total payment (PITI and MI) will be about $2,200 per month.

This fourplex has total market rents of $4,200, if all four units were rented. The borrower must move into one of the units in order to get FHA financing, however.

But, if the borrower moves out in 12 months, he will have $2,000 per month of cash flow on only $12,000 invested. Units are truly the investment of a lifetime right now.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167