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Updated over 5 years ago,
Buying first multifamily property-where are you finding financing
Can anyone share their experience of when they bought their first apartment building? What bank did you go to? What was the process and requirements like.? Did you have all of your financing options in order before you started looking for deals?
Did you raise money to cover the down payment? Are there options to buy a property with a smaller down payment? Looking to buy in Indiana.
My criteria
10-40 units
$600k-$1.5M
Light to medium renovations