Apartment financing: What would you Do?

[Amber Boskers]

We're kicking it up a notch and jumping into the commercial market looking for our first 20+ apartment complex. We are pondering our financing options and I'm looking for feedback from you seasoned BP members. We have two free and clear SFR rentals worth about $415,000 with full occupancy plus over half a million in equity in our primary residence that is almost paid off. What would you do to finance an apartment complex?

[Danny Randazzo]

@Amber Boskers you should sell both sfr plus find 2-3 more people to partner with so you can buy a $10M Multifamily. Also, take out a heloc on your primary for reserves and liquidity if you ever need it