The 5th one I was able to talk the owner into providing owner financing, and using personal credit cards for the down payment, I purchased the property myself and did a sale lease back with the owner.

Purchase price: $100,000 Cash invested: $28,000 4 unit: 1 bed 1 bath each. 2 upstairs and 2 downstairs. $475 for 3 units $450 for 1 unit.

How Lower Rates Could Influence the Housing MarketLower mortgage rates can enhance the purchasing power of prospective homebuyers, making homeownership more accessible.

Hi everyone,At the end of July, my girlfriend and I successfully purchased our first house hack! 

Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.

I've read they're fast and don't really require much information as far as my personal finances and dti.

I contacted the municipality to get information about the Zonnig, and apparently the Zonnig is planned for only 2 apartments.

Purchase price: $850,000 Cash invested: $140,000 Sale price: $1,476,500 Source: Cold Call12 unit multi familyPurchase: $850kLoan 1$250k 1st position loan (down payment to seller)2 yr balloon,12% interest onlyLoan 2$600k 2nd position seller finance3yr balloon, 0% interest, 30 yr am, 8 month deferred paymentsThree 4 unit buildings.

Purchase price: $250,000 Cash invested: $15,000 Sale price: $385,000 This triplex is my first deal.

You only need a place to track tenant information, payment history, maintenance, etc.