How to get Down-payment assistance for multifamily property under $300k?

[Tremayne Benton]

I have a question regarding real estate investment, which my lady and I are getting into and seek advice.
We are trying to get benefits from First a Time Buyers programs to buy a multifamily building for under $300k.
The problem is, how can we get assistance for the down-payment which would likely be in the $10k range?
From what we just discovered from a lender, the First Time Buyer down-payment assistance programs don’t cover multifamily homes because of the potential income that can be generated.

So what can we do to get that down-payment assistance?

[Peter MacKercher]

Welcome to Biggerpockets Tremayne. I am in STL please let me know if you need anything. 

In the meantime here are 9 tips to help you grow your business using BP:

1. New to BP? http://www.biggerpockets.com/starthere

2. Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

3. Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

4. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades" Even though I am.

5. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan. http://www.biggerpockets.com/files

6. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

7. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

8. Spend some time every day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums: http://www.biggerpockets.com/meet

9. Set yourself up to receive free alerts to be notified of subjects that interest you: http://www.biggerpockets.com/alerts