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Updated about 2 years ago on . Most recent reply
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Wanting to buy multi-unit properties
starting up a brand new business. Wanting to buy multi-unit properties in my area and looking for the startup capital
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I want to do something similar.
The only problem is this, if you are not starting with your primary residence or investment property, coming out of the gate with startup or gap funding can be very risky. let's say you use a business loan for the downpayment on a property you would be over-leveraging yourself and accumulating large amounts of debt before you built decent equity on the property. Even worse if the market decides to shave off value from your property.
This strategy is possible though, I know people who do it! You just have to be very careful when positioning yourself.