How to Invest in multi family with no or low money down

[Dylan McCabe]

Total newb here but digging in. I am interested in multi family as a means to replace my income. I love my job but want a safety net too. 

I have listened to many podcasts from Michael Blank (among others) about investing with no or low money down. So far, it seems like this is possible as long as you become savvy enough to do a lot of leg work for investors. You have to become skilled enough to find and analyze deals. Then bring them to investors that trust your reputation, knowledge, and skills. Aside from listening to podcasts, reading books on mult-family investing, getting mentors, meeting up with potential partners here in Dallas TX, etc. Is there anything else I can do? The education has begun, and I know I need a lot of time, study, help, and grit. Any tips welcome. I'm 38 and don't want to waste any more time.

[Matthew Baltzell]

@Dylan McCabe There isn't ever a situation where you put zero money down. This is just a myth. If this were the case everyone would have a 100 unit apartment complex. The money is going to come from somewhere. This might not be your money, but it could be an investor's money, banks money, etc. But, it will come from somewhere.

It sounds like you have had a great start thus far in the education process. This is key. One thing you will want to consider is your 'exit strategy' when looking at a property/acquiring potential investors. How will you exit the deal? Cash out Refi? What's the holding period, etc? The more you know the better everyone involved will feel.

Capital preservation is also key for both you and investors. They will want to see the upside and the downside in the deal. If you are lacking experience you might want to link up with someone who can bring more experience. This will make your life easier, you'll learn quicker, and you won't make as expensive of mistakes. 

Hope this helps.

Best of luck to you:)