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Updated about 4 years ago on . Most recent reply

Justin Lee's profile image
Justin Lee's profile image
Justin Lee
  • Realtor
  • from Atlanta, GA
  • Member since Dec 7, 2018
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Justin Lee's profile image
Justin Lee's profile image
Justin Lee
  • Realtor
  • from Atlanta, GA
  • Member since Dec 7, 2018
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Justin Lee
  • Realtor
  • Atlanta, GA
28
Votes |
103
Posts
Multi-Family and Apartment Investing

How are you funding your 5+ unit multi family units?

Justin Lee
  • Realtor
  • Atlanta, GA
Posted

What is the typical way that you fund your 5+ unit multi family deals? I was told that 4+ is considered commercial. Any private money lenders who do commercial no doc loans? I am In looking to purchase In Louisiana and Georgia

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Diana Dorantes's profile image
Diana Dorantes's profile image
Diana Dorantes
  • Rental Property Investor
  • from Channahon, Illinois
  • Member since May 23, 2018
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Diana Dorantes's profile image
Diana Dorantes's profile image
Diana Dorantes
  • Rental Property Investor
  • from Channahon, Illinois
  • Member since May 23, 2018
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Diana Dorantes
  • Rental Property Investor
  • Channahon, IL
103
Votes |
161
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Diana Dorantes
  • Rental Property Investor
  • Channahon, IL
Replied

@Justin Lee We just closed on a 5 unit yesterday.  20% down, 25 year loan, readjust every 5 years.  We found a smaller community bank.  We have a few banks in our area Chicago suburbs, which have good terms.  It just takes a bunch of calls to find which ones will work for you. 

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