Hi,

What are my options to buy a 2nd investment multi family home with little to no money down?

Thanks,

Monthly Income:$2,300.00 Monthly Expenses:$2,289.26 Monthly Cashflow:$10.74 Pro Forma Cap Rate:3.61% NOI:$5,960.00 Total Cash Needed:$46,753.91 Cash on Cash ROI:0.28% Purchase Cap Rate:4.26% Total operating expenses:Mortgage expenses:Vacancy:$115.00Repairs:$115.00CapEx:$230.00Water & Sewer:$20.00Insurance:$100.00Management:$230.00P&I:$485.92Property Taxes:$483.33Misc:$510.00

He is here to start a new business and currently works at a restaurant making $45k/yr. his application is very good with a credit score 733 and previous yrs income of $75k-$100k.

That limit would make it really hard to build a real estate income I could use as I eventually transition out of the corporate world which is My ultimate my goal.

When you say US compliance costs are you referring to the individual's income taxes?

A physical asset that has the ability to generate passive income is the greatest thing on earth.  

My end goal is to have a large portfolio of buy and hold rentals for a nice passive income.

Could simply having a score of about 680 also justify all the debt that he currently has without verifiable income?  

As for expenses, since I don't have real numbers I just used 30% of Gross Income. 

I've dabbled in options trading and cryptocurrency but I'm switching my strategy up and planning to build businesses and real estate assets so I can have multiple streams of income while working a 9-5.