I'm a newbie but I was looking at multi family's around my area and wondering if there's anything special the banks can do if your purchasing a property that is already cash flowing with tenants?

I am interested in learning about single and multi family properties with flipping or buy and hold strategies.

I've got two off-market deals locked up in Englewood (brick multi units)...some leads in south shore, woodlawn.

I plan on riding it out in Central Florida.But with the track still uncertain and seemingly shifting west it's still a guess as to where the worst of Irma will happen.Best wishes to anyone in the path, stay safe and maybe share what you're doing to prepare if you have a moment.  

We are primarily looking to get into small multi-family rentals and have also been considering mobile homes as well.If anyone invest in these areas, or knows of someone else that does, please let me know!

Wondering what are downpayment and reserve requirements for small mutifamily these days. I spoke to a credit union and they said 25% down and approx 10% in reserve as a liquid asset (saving or CD). Ideally (assuming) ...

@Rick Pinney, as of right now office, multi family, and industrial are most interesting to me.

It could be money in your 401k or TSP that you could borrow from, if the need were to arise.So, either Navy Federal has their own overlays (although people from the East Coast seem to use Navy Fed to finance multis) or the loan officer you're talking to doesn't know what they're talking about, which is pretty weird, considering they only serve military people.  

Morning Everyone,My wife and I know its possible to have two VA loans, but we dont know if we can purchase 2 multi-family units.

My plan right now is to purchase small multi-units, and holding them.