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Updated about 6 years ago on . Most recent reply

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Troy Vincent
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First multi family 4 unit

Troy Vincent
Posted

I’m exploring the idea

Of buying a 4 unit apartment building in my neighborhood but I can’t find any mortgages that don’t require 20% down. We make decent money however don’t wanna drain our savings and then some. But still wanna invest if possible. Is that such a thing lol?

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395
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Neil Schoepp
  • Real Estate Investor
  • Milford, PA
299
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395
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Neil Schoepp
  • Real Estate Investor
  • Milford, PA
Replied

@Troy Vincent

find a seller willing to hold 10% you come up with 10%. Get creative, beg, borrow, steal (ok not really steal but close :) The down payment (your 10%) though usually made in cash doesn't have to be. Boats/Motorcycles/RV/Vacation trailer in a park etc.

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