Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

27
Posts
5
Votes
Kyle Debiase
  • Mays Landing, NJ
5
Votes |
27
Posts

low money down multifamily

Kyle Debiase
  • Mays Landing, NJ
Posted

okay so I'm ready to take the plunge into real estate investing.

looking for multifamily properties in the

south New jersey Market

I have 80k to invest.

initially I was just planning on doing a conventional loan with 25% down and 5% percent interest rate.

so thats probably enough money for my first deal but then that has me thinking about whats next. how will I fund the next deal. so what I was thinking was if I could find a way to pay less then 25% down for each deal. anybody have any ideas on how to do this? BESIDES HOUSEHACKING!!! househacking just isn't in my cards right now with family and such.

any ideas are welcome anybody with experience with this please reach out.

my goal is to scale as quickly as possible.

Most Popular Reply

User Stats

6,629
Posts
7,589
Votes
Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,589
Votes |
6,629
Posts
Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

You shouldn't be thinking of how you are going to scale before you have the capital and experience to do it. You should be tightly focusing on the most advantageous way to get your first property and if you can't house hack, you have to do an investor loan like you said. All of the other options come with huge potential pitfalls and limited control. In South Jersey, there are better deals for multis than in North Jersey so your price point and access will be a little better.

business profile image
Zen and the Art of Real Estate Investing
5.0 stars
9 Reviews

Loading replies...