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Updated over 5 years ago, 07/01/2019

User Stats

28
Posts
8
Votes
Tom Port
  • Specialist
  • Arizona/California
8
Votes |
28
Posts

Questions, questions, questions!

Tom Port
  • Specialist
  • Arizona/California
Posted

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! 

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