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Updated almost 10 years ago,
No Money Down Multi-Family Investing?
We are currently buying lots of single family homes using private money for purchase and rehab costs and then we're refinancing out with bank money at 75% LTV. In short, we're doing no money out-of-pocket investing, and are having good success with it. However, to reach our income goals we will need to look at purchasing chunks of units at a time - buying small apartment buildings.
So here's the question: What are the creative ways to get this done with no money out-of-pocket like we are doing with single-family homes? I often used to say things like "That's impossible!" But over the years I've bumped into people who are doing that "impossible" thing. Basically, I've learned that I don't know what I don't know, so it's best to stay open-minded to avoid boxing myself by holding a rigid belief system that may be something totally self-created. So... any ideas? Thanks in advance!