Loans for multi housing, 8+ units

[Spencer Hartz]

Hey all,

I bought my first single family home (600 sq/ft) in 2016 for 96k using a conventional loan. Occupied and rehabbed it for 2 years before renting it out and buying another home (550 sq/ft) for 90k in 2018. Same plan with the second home. Each house is now rented and and nets about a 35% profit.

I’m not pulling anything from my investments and am even saving on the side through my day job for my next investment. My question is, what is everyone’s experience with loans and financing options for larger properties? I’m okay doing more single family rentals because the formula is working, but I want a more clear vision of how and when to get into something larger. Any insight would be helpful.

Thanks for all who share here. It’s so helpful reading everyone’s stories.