Financing options Multifamily home

[Denzer Campbell]

Hello Everyone!

9 Months ago I purchased my first multifamily rental property utilizing the FHA 3.5% first time home buyer mortgage. Things have gone well, and I would like to purchase another multifamily property.

I do not believe I can use the FHA mortgage again unless I am relocating to another city.

Are there any low down payment alternatives to a conventional 20% down loan, preferably something 10% or lower / comparable to the FHA program that I could utilize to purchase another multifamily ?

Thank you!

[Bonnie Laslo]

We have a few owner finance, or lease option multifamily properties available. Just expect a higher interest rate for lower down payment options. You can offer 10% down to the current sellers and see if they are takers. 

Then if they want the rest of the cash they can always sell your note to a note buyer.