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Updated over 6 years ago, 06/04/2018

User Stats

43
Posts
3
Votes
Harriett Williams
  • Stockbridge, GA
3
Votes |
43
Posts

Buying a multi family home

Harriett Williams
  • Stockbridge, GA
Posted

hey BP fam! 

I'm looking to purchase a multifamily home as a first time home owner, I would like a triplex or fourplex. The issue is that I won't qualify for financing at a traditional bank any time soon as I work on my business and credit. What are some creative financing ideas I can do? I plan to have my family occupy one unit and rent out the others. Cash flow would be amazing but my main objective is to cut out my biggest monthly expense RENT!! Is there other ways to go about this? Could a more experienced investor purchase the property and sell it to me with seller financing? I would be the one managing the property and tenants, looking to get started on this journey as soon as possible but no longer then the end of the year when my current lease is up! 

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