Investing in Multifamilies

[Antwoinne Campbell]

Greetings,

I have an interest in investing in multi-family properties; however, I do not have the capital required for a downpayment of twenty-five percent. I am debating using a hard money lender for the full purchase price or the twenty-five percent downpayment; then cash-out refinancing. I am looking for feedback with this method to start investing in multi-families. Should I use a hard money lender for the full purchase price or down payment, and refinance to repay the lender? Also, what is the process of working with a hard money lender, and what documentation should I provide to the lender when presenting the deal?