All Forum Posts by: Cody Swyers

Thank-you all for all the information. You have given me a lot to think over.

No that won't work for me. I already have an acreage with my wife and 2 boys.

Hello everyone,

Has anyone on here ever started off the investment journey with a 32-unit property or something comparable to that? If so, how did it go? what kind of financing did you use? and what did you do to come up with a down payment? I'm looking into the possibility of investing into a property like I stated above. I would need to get a loan for around $1.5 million. The down payment would be around $300k. After running all the numbers and saving conservatively for cap ex and other maintenance it would cash flow around $2500 - $3800 depending on vacancy. My initial though was to apply for a DCRS loan and either find a hard money lender or try to acquire a business loan for the down payment then do a cash out refinance in a year or so to pay off the down payment loans. Let me know what you all think, like I said I'm very new to this and am probably missing something.

Thanks in advance for any info,