When you apply for a Mortgage loan to finance a multi-family unit, you are taking on the role of becoming a landlord. You will be entitled not only to collecting rent, but also the opportunity to enjoy the tax benefits. However, along with the rewards come responsibilities, as well as risks.

Landlord education counseling provides potential buyers of two- to four-family housing units with substantial information regarding Fair Housing, recommended legal documents, the selection of qualified tenants, establishing replacement reserves, and eviction procedures. The primary objective of this program is to ensure that new landlords are armed with information they need to make this long-term investment a positive experience for them and for their renters.

Along with the information listed above we will also discuss the importance of budgeting and keeping the property up to health and safety codes. InCharge Housing Counseling wants this information to be beneficial to all parties involved, the Mortgage Lenders as well as the Homebuyer.

For additional information about this service e-mail or call one of our counselors toll free at 866-345-0245.