It’s how I got my first property—a no-money-down deal that actually paid me cash back at closing.

Additionally, I am financially prepared to sustain hard money loan payments for up to two years, which is realistic for resolving occupancy issues in NYC.

They are out there, just have to spend time and money finding them.

My first fear for you is that you don't really know much based on your questions and you might need longer to learn it than just trying to get and fund this deal. 22 units, with only 2 multis as experience, makes it harder to find stranger money, but more probably to find friend or family money if that makes sense.

This way, you can pull the money out in less than a year.

@Bliss Hu why are you afraid of BRRR because someone lost money?

It would be good to purchase multifamily properties but even with our single family homes we still make money because our rents are high. 

Hello, all. My wife and I have owned and managed STR condos in Carolina Beach and Wilmington, NC, for several years.We are looking to purchase a restaurant in north Asheville. The sellers were under agreement with ano...

However, you have to take in consideration the amount that would cost you to use that money plus the new loan on the multifamily.

The ability to use leverage and reduce taxes in your highest earning years without having to put money into qualified retirement accounts is a great way to build wealth.So - If you own an STR:1.