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Updated about 4 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Rich Bales
  • New to Real Estate
  • Omaha, NE
2
Votes |
7
Posts

First Multifamily Property

Rich Bales
  • New to Real Estate
  • Omaha, NE
Posted

Hello all,

I’m a new investor and may have come across what appears to be a pretty good deal on a multi-unit property. All units are currently occupied and it has some renovation potential. It’s currently cash flowing about 1,500 a month. My only issue is with it being multi-unit I definitely don’t have the cash to put down on it. Any creative financing ideas on loans/lending for a first investment property that I wouldn’t have enough cash to put down 20% on?

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