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Updated almost 4 years ago, 12/03/2020

User Stats

12
Posts
3
Votes
William Owens
  • Developer
  • Birmingham, AL
3
Votes |
12
Posts

Multi Unit Financing Question

William Owens
  • Developer
  • Birmingham, AL
Posted

I have a 3 unit building under contract and am looking for some competitive loans. I’m a newbie, only have tax certificates in my portfolio as of now that I purchased with

I do not intend to owner occupy which is forcing me into the 20-25% down category and as a newbie I’d rather not use that much of my capital for one deal.There may be an a opportunity to expand and add some mobile homes or another 2-3 unit building so I want to make sure I don’t handcuff myself with a poor financing choice.

Any insight or suggestions would be helpful.

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