Police in need of Homebuying Advice.

Community First Financial talks to hundreds of investors every month and there are some thoughts I would like to share with my Police Officers on my experiences with investors, particularly first time investors.

One of the top questions I hear from Police Officers is, What would you do?

If I could start my investing life all over again, I would buy a FOURPLEX as my first home. And when I say first home, I mean first home. Most people buy their single family house, live in it as their primary house, then look to buy their first investment property. For those that are flexible and motivated I suggest you buy a fourplex as your first primary home and investment property.

Here is why owner occupied fourplex's makes sense:

-Qualifying for a first time home buyers loan on a primary residence easier.
-You need less money down.
-Rental income helps qualify.
-You now have a primary home and an investment in one transaction.
-Potential cash-flow or you could pay for your primary unit with the other three units cash-flow.
-When you decide to move you have a 4th unit that becomes a rental.
-On site property manager.

Highlights of loans available for a fourplex (primary residence):

-Up to 95% financing
-Loan amounts to $801,950
-Only 3% of borrower's own funds/ 2% from flexible sources
-Only 660 credit score
-2 month asset reserve requirement
-This is also a great idea for individuals that have kids and are in need of an idea on how to get started in real estate investing.

Nick Porter

Community First Financial, LLC

7575 E Redfield Rd, Suite 235

Scottsdale, AZ 85260

480-305-8900 Ext: 302

541-231-3040 Cell

www.LawEnforcement1st.com