How to get financing on a multi-family property investment?

[Jonathan Darensbourg]

I have a house, I want to get an appraisal and use the appraisal amount to invest into another multi family home. What steps do i need to take to make this happen?

[Kimberly Jones]

If you are planning on getting a mortgage you might as well wait to get an appraisal. Lenders all order their own, you will just be paying twice. How is your credit? Good job history for the past 2 years? (I don't expect you to answer these questions in public, just giving you the things that come into play) Do you have a strong banking relationship anywhere? Banks are cool but investors do well to hook up with a Broker who understands investment financing. A good broker can show you options, depending on your investment strategy.