Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago, 07/01/2019
Questions, questions, questions!
Hey everyone,
I appreciate the power of Google but with so much conflicting info out there I was hoping I could leverage the knowledge of this wonderful community.
Currently own 3 single family homes (In the UK) and trying to get started here my questions are;
Do I need to have a conventional mortgage before I get financing for a multifamily? (This is a perquisite in the UK)
If so, am I looking at 20% down payment on multifamily units?
I'm in a comfortable position in cash currently and I am planning to be aggressive in the next 3-5 years I just want to understand how best I can reach my short term goal of 10k recurring income.
Thank you so much! I wish I could add some more value to the community but I am afraid for the moment I am just asking Qs!