Greetings to everyone. I own a 6-unit apartment building in Illinois, I paid cash so I own it outright. Currently only 3 of them is being rented, the other 3 is still under renovation. I really want to take a loan aga...

Investment Info:Large multi-family (5+ units) buy & hold investment in Chicago.

It’s a 3% down conventional product, generally favorable over FHA and I’m almost certain it’s available for multi units as long as you occupy one of the units as your primary residence.....Best of luck

Investment Info:Small multi-family (2-4 units) buy & hold investment. 2 Family in suburb outside Boston What made you interested in investing in this type of deal?

Investment Info:Large multi-family (5+ units) buy & hold investment.

and no one advertises they do 500 mil dollar loans.. so you now know that all of those guys are frauds .. and that there is no 5% money.if you want to find out current rates for Private/HMLI like to recommend Lendinghomes website it has a easily readable pricing matrix.. and of course they are real. while you may find some cheaper money.. from say Conventus .. you also need a lot of skin in the game and you need experience.. 

On top of that they are relatively easy to sell, where something like a multi family has a smaller buyer pool.So back to the details..Purchasing my first condo with $30k cash, then another $10k, puts me at $40k total investment, I rent out for $800 a month, after all my costs I'm looking at $450 cash flow per month.

On top of that they are relatively easy to sell, where something like a multi family has a smaller buyer pool.So back to the details..Purchasing my first condo with $30k cash, then another $10k, puts me at $40k total investment, I rent out for $800 a month, after all my costs I'm looking at $450 cash flow per month.

I am an attorney in New York City (non-real estate) looking to purchase single or small multi-family homes in Utah or Maryland (family and contacts in both areas) for long-term rentals.

-Once you know what you can afford, look on zillow and find how much multi-families are in your area.