Analyze Multi-Family Investment/Making a Deal

[Scott S.]

Good Afternoon,

After listening to Podcast 092 it has sparked my interest in multi-family investment properties. I located a property that sparked my interest b/c it is in the neighborhood I grew up in and my parents reside only about 2 blocks from it.

The unit is an all brick building that has four (4) units (2 beds 1 bath each) and a five car garage. Good curb appeal and has a total of about 5900 Sq Ft. The roof appears to have about 5 more years left and the asking price is 400k. Property is not distressed by any means. Unit is currently 100% rented out.

Is there any way to bypass the real-estate agent and connect directly with the owner? He/she might be interested in seller financing...? Typically, what type of financing options are available? I don't have that much money to put down so what are some keys to finding a good partner or different types of loans?

Thanks,

Scott