However, the realtor told me that I can only buy multifamily if I have 20% down.Looking at the current mortgage rate (close to 5%), I am indeed a little bit cautious if I decided to buy a house (SFH or MFH).My game plan now is to save up my money for the next 12 months, so that I have enough principal to put 20% down for a property while learning real estate investing concepts since I am very new to all of this.May I ask what do you all think about this strategy?

.- I'm under contract on 3 places right now: one is an A class in a great area, another is a solid B+ in a decent area, and this one is a lower-income one which was pitched to me as a B-- The purchase prices of the 3 homes I'm under contract with are pretty variable: 147k, 127k, and 70kMy goal with these purchases is to build a small portfolio of homes across slightly different neighborhood/risk types.

You may want to talk to your lender about in house portfolio loans.

Getting a good deal with contractors is a who know's who game.

There are plenty of insurance companies out there who will handle larger portfolios than that.

I own a few and would like to add to my portfolio as a buy and hold. 

@Anthony Mikolich You can get an LOC on your rentals by asking a commercial lender about asset based LOC or portfolio LOC.

Get your game plan started.

Hey BP Community,I was wondering if anyone here might have a recommendation for a national lender for a cash out/refinance for a rental portfolio.

Hey BP Community,I was wondering if anyone here might have a recommendation for a national lender for a cash out/refinance for a rental portfolio.