Multifamily buy and hold

[Matt Peebles]

I've been a mortgage lender in Vancouver, WA since 1998. I've spent the last 9 years battling illness and have missed the market opportunities that appeared in that time. My health is improving, but I'm still not yet 100%. I expect to be back in action by the beginning of 2017. In spite of the medical challenges, my personal financials are stellar.

In the short term, I have an eye out for cash flow buy and hold. I'm interested in buy and hold opportunities in multi-family real estate. I'm interested in low money down financing to acquire these properties and minor rehab if necessary.

Adding a couple real estate positions this year should will give me some tax benefits and add cash flow so I can dedicate more time when I'm ready to do so.

I attempted to purchase a 34 unit multifamily this winter using traditional financing. My business partner came up short on his half of the down payment, so we lost out on the property. I want to establish some alternative financing sources to assure that this doesn't happen again.