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Updated over 6 years ago on . Most recent reply

User Stats

201
Posts
43
Votes
Drew Slew
  • Rental Property Investor
  • Union city, NJ
43
Votes |
201
Posts

How to get a partner/creative financing for next multifamily NJ

Drew Slew
  • Rental Property Investor
  • Union city, NJ
Posted

I would be curious to know from people who own multiple properties, have a solid day job w the W2 how to get the next deal under wraps, when you just got one. I'd like to replicate the current cashflow i got w a 2 family on south Jersey City, and know the market is red hot.. each month im missing out on opportunities that are better than the one I got.. and that was good. 

Down on savings now, and already have multiple mortgages.

Partner financing? - i dont know anyone who id trust or discuss money matters with

Private lending? wouldnt go above 3-5% since mortgage rates for my 30yr fixed are those..

what other ways are there? 

Cash out refi of other properties? - probably wouldnt touch my current mortgages

for a 400-500k multifamily id be able to throw down 10-20k atm myself and would need help with the rest. 

THANKS

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