Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago, 08/30/2021

User Stats

25
Posts
6
Votes
Marjorie Josaphat
  • Santa Monica, CA
6
Votes |
25
Posts

Need advice. First multifamily purchase

Marjorie Josaphat
  • Santa Monica, CA
Posted

I want to buy apartment or multifamily home in the Venice, Marina Del Rey, area. First investment.

Looking for property that is 8 or more apartments. Looking at places with a purchase price of up to 3 million.

I plan to live in one unit.

I would like to get pre-approved for a loan. Any advice or recommendations of lenders?

I have 200K in cash. Can probably get another 100K. Can I get a loan with this down payment?

I see there are loans that allow for 5 % down payment with credit score mid 600’s. Saw 5% down from First Savings Bank Angelo Christian Branch Manager NMLS#15633. Anyone familiar with them?

I have a full time job- salary 200K a year.

Thanks in advance for your help.

Loading replies...