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Updated almost 7 years ago,
Financing for a first multi unit property
Hi everyone, my name’s Amanda and this is my first post as part of the community. I am 27 and am a realtor. I worked for a new home builder for 2.5 years and about 6 months ago, I transitioned over to the resale world. I was able to purchase my first home through the builder I worked for at a discount and now I want to start building my portfolio with multi it properties. I am looking in areas outside of where I live- Texas, Arizona, etc. I don’t financially have the funds yet for a down payment since I am working on rebuilding my business so my next strategy is to take the equity out of my home to use for a down payment but that will roughly be $40k so not nearly enough for the normal 20% down. I need thoughts, ideas, advice on who to talk to or options I have!