I have a section 8 applicant who has submitted an application, and we are waiting on the city of Joliet to inspect our property.

Does anyone have strategy recommendations for purchasing multi-family properties with zero-low downpayments?

If they buy something for your property and you pay them back, it’s just like you bought it yourself—so you can count it as an expense in your bookkeeping.If they don’t get reimbursed, then technically it’s a gift/donation, and you can’t deduct it as an expense.

Right now, I’m focused on finding my first multifamily property to house hack in the New London, CT or Greater Boston area.Goals with BiggerPocketsI joined to connect with experienced investors, learn more about financing and property management, and take action on my first deal this year.

They are not buy and hold forever type properties. 

Search for properties listed 90+ days.

Almost everything can be done virtually these days including many property management functions. 

I believe the property have appreciated in value just based off recent sales in my market area.

1: If I was in charge of creating the app I would implement AI to get more information on properties and determine comps.2: I would completely redesign the GUI(Graphical User Interface) because even the website could be improved it looks like someone with little experience created it which was smart to do in the beginning but now you guys have more money it’s time to upgrade.

@Stacy A Stewart I have personally used DSCR loans to purchase rental properties here in the Dallas/Ft.