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Updated almost 11 years ago,
Can I finance a 5+ Multi Family as my first rental?
I've been trying to find a good deal in my area for buy and hold, but it seems a impossible task. The SFH have too much property tax and the price doesnt match the income. So I have been looking into buying a 5+ Multi Family so I can get out of the home owners area and do business based on income.
I have enough money to put skin on the game, but I can't buy it all cash. My question is, can I finance it as my first rental? What types of bank should I look for?