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Updated about 6 years ago,
Funding a new multifamily deal: Atlanta. Need ideas
I have two properties in Atlanta that I purchased in 2017. I'm coming to town soon to look at some small multi familys.
I'm wondering if there is a better way to finance these deals than the coventional loan I am considering. I do have some decent equity in my houses in Atlanta but I don't want to sacrifice cash flow to refi or become over leveraged on a single property. As of know I'm just considering putting 25% down the old fashioned way.
My question is, is there a smarter way for me to acquire the new property either with some kind of down payment altrenative or another kind of lending option.
My ultimate goal is to keep rolling and acquiring more and more properties but I'm trying to think how my strategies now will affect me getting more properties down the line.
All input is appreciated.
Just in case it matter:
My two houses in ATL do cash flow and have about 50% equity if that means anything
Thanks