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Updated almost 5 years ago, 02/11/2020
Investing in multi family with lenders
I'm currently in a hot market but I do see potential in multi families. This would be my first deal. The problem is, not enough capital for the total expenses (downpayment, closing costs ect). My question is, if you were to borrow the money from a lender, how would you come up with a scenario to where it's a win win if you cant pay them back right away? The ROI in this particular market is on avg around 5-6% which I know is not great but i feel like it's good enough for the type of market it's in especially if buying for the long hall. Multi families are selling around 400k-600k with rents around 1400-2000 a door depending on how many beds and sqft.
I appreciate the feedback!