Investing in multi family with lenders

[Alexander Reda]

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! 

[Kim Lisa Taylor]

@Alexander Reda, I suggest you get some training in buying multi-family and raising private money. There are lots of trainers out there who can help you avoid making mistakes that cost your time, money and reputation. To name a few, REMENTOR, Jake and Gino, Vinney Chopra are some that I have taught for in the past or are clients; some of them have books. It’s better to educate yourself up front on what’s worth buying before you plunge in.