Financing First Multi-Unit

[Kara Johnson]

BP Forum,

First, Hello. I'm very new to investing and never thought I could do this...The more I read the more questions I have, and the more I ask myself, "Can you do this?"

I am a realtor so the process of buying and selling single family homes are not new to me, but I think with that being said I'm thinking too much in the "box."

My Husband and I want to buy a 14 unit residential property (I never said I wasn't ambitious). BUT HOW??? How, do you use other people's money to accomplish this? Or, can you use others people's money? We have worked all the numbers and we will have a positive annual cash flow of $20,092 (which I have read is good.)

At the same time we are looking to buy a 4-unit property which we can claim as owner occupied so we can use our cash for the minimum 3.5% down. (Again, I never said I wasn't ambitious). Maybe I'm afraid If I don't do it now, someone is bound to talk me out of it?

Also, mentors...Does anyone have any mentors or REI groups that are located around Rancho Cucamonga, CA (45 minutes east of LA)? We were thinking about "Rich dad Coaching"????

Any advice, or wake-up calls are welcomed!
My very best,
Kara