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Updated over 2 years ago,
Would love any advice on my first Multifamily Purchase.
Greetings family
After months of fighting tooth and nail and so many dead ends. I found a Credit Union who funded a 250k HELOC on a NOO property in Cali at 75LTV...these things are like Unicorn relics in this current market.
I have several SFH rentals but never ventured into anything else. Im really looking for a solid deal on a double digit unit multifamily that cashflows after paying my HELOC, Loan, and associated expenses.
It almost appears as if the deals dried along with the funding, right when I got funding...finally. appreciate any and all help with properties, brokers, advice, etc. Also shopping in the Chicago and ILLinois area, however open to out of state.