Will it Work????

[Tony Lovatto]

:pup:

Hey all, I am looking into acquiring a 5 plex. Is there any reason that I will be limited to a certain type of loan just based on the property being a 5 plex? If so will it be the typical 20% down? I'm looking for creative financing because I only have $10k in liquid. I dont want to pull cash from my primary mortgage. I've thought about seeing if the seller would do a carry back but not sure how that all works.

Asking $100k

Anyway... couldn't I (in theory) put down $20k finance $80k and after transfer is complete refi to get some cash back out?