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Updated over 5 years ago,
10-Unit First Deal - Can I Get Financing?
I've been looking at and analyzing deals for about 2 months now. I found a 10-unit property (efficiency units) that looks really good for a BRRRR. Total cost of purchase and rehab is estimated in the neighborhood of $500k. Having no experience in this arena and maybe $15k cash available, what sort of financing would be available to me? Is there a lender that would even consider it? I am going to be talking with a few banks to see what they say but figured I'd ask the pro's first!
I appreciate any advice you have to offer!