Financing for a small Buffalo Multi-Family

[Todd Ashley]

Howdy! My good friend/business partner and I are finally done being victims of "paralysis by analysis". We plan to partner together to purchase a small multi-family in Buffalo, NY. He would be an occupying borrower and I would be a non-occupying co-borrower. Does anyone have any input/guidance for funding this purchase. Ideally, we would like to work with a local credit union, does anyone have recommendations? What kind of requirements (debt to income, etc.) should we expect to see for a purchase of this nature? Will 10% down cut it? Any input is greatly appreciated. Cheers!