Method to Convert a Fouplex into an 8Plex

[Mirza Baig]

Hello everyone. I really need some guidance for a creative opportunity. I found a great fourplex that's cashflowing just enough to make a few hundred bucks a month (after loan payment) just the way it is right now and it's 100% occupied.That's okay but the lot itself is big enough for me build another fourplex structure (making it an 8 unit property) behind it and I think I can make some serious cashflow after that. What do you guys think is the best way for me to approach this? My intent is to find a purchase/construction loan/mortgage with a low down payment that allows me to do this.