1.2M 5 Plex - How to finance with $0 Down?

[Shane Welch]

I am looking at a 5 Plex for $1.2M.  I could easily live in the only vacant unit, all the others rent for $2,300-2,500.

I do NOT have any money to put down.  What are some creative ways to make a deal such as this, or like this in the future.  Could owner financing work?  Am I just SOL?

[Matt K.]

You have to look at this from a business position....

Can you repay the loan, do you have the means to do so? This means experience, cash, assets, a job etc... If not why would anyone want to do business with you if you aren't able to repay the loan?

Now a bank will have cut and dry rules... so either partner with someone and bring something of value. But if you go to an owner you must find a way to provide value to make your proposal more attractive then someone's else.

Know that anything over 4 units = commercial... different rules and different buyers.