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Updated over 2 years ago,

User Stats

13
Posts
1
Votes
Nick H.
Pro Member
  • New to Real Estate
  • Portland, ME
1
Votes |
13
Posts

How can I fund a small multi family deal?

Nick H.
Pro Member
  • New to Real Estate
  • Portland, ME
Posted

Hey all! my name is nick.

Bought my first SFH at 21 back in December of 21, LOL. Now looking to buy a duplex.

Where I am looking to invest theres good fully rented duplexes for 200k and less. Some of them have one vacancy some of them are fully rented. The issue I have is, I have very little money to put as my down payment and would not be able to do the 20/25% needed. 

In addition to this using a FHA /VA as my primary residence is sort of out of the question since i just bought a SFH using VA and am currently living in it, and to be honest I don't really want to move. Will if I have to do make a deal work (would have to wait till ive been living here for a year).

What are my options? 

Can I use a hard money lender?

i have about 30k worth of equity in my SFH can I use that for a down payment?

DSCR Loans?


getting a partner?

Thank You for reading this, any help would be so much appreciated. 

Very respectfully,

Nick Hulsman

  • Nick H.
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