Loans are no ubit.

When you are going to be living in one of the units you can use a low money down loan with a down payment of 3.5-5% down and live in the building for one year and then if you’ve saved enough for another down payment you can then put another 3.5-5% down on the next building and live there for a year and keep doing this year after year and build up a nice portfolio this way.

Hey i was wondering if anyone knew any dscr lenders that would be willing to take the 2nd position on a loan, i have a property in Oakland california where the seller is willing to finance 85% of the purchase price at 5% interest, The asking is almost 4.6 million on an 18 unit apartment, i dont have the down payment for the remaining 15% which would be 689,250. the seller is willing to come down on the price and at market the apartment brings in 41,255 per month, tenants pay thier own expenses. i tried calling a couple of lenders but they said they wouldnt take the 2nd position or would only finance until 90%.

@Annette Yim- if you are working with a  realtor - ask them these questions ...if you arent working with an agent - consider doing so  until you  get  experience to  work without one ......also - if you will need to use a loan - make sure you are fully  pre approval before making an offer 

After the last refi the new mortgage loan was $170k and sold the house for $270k so I thought I was going to owe on a gain of $100k but she says I'll owe on a $180 gain because she's calculating on all 3 gains. 

@Andrew Steffens  That would help ease our fear of putting all our money in one place forsureAre 10% down investment loans a thing???

Is there any loans to apply for to use to fix up the co-op?

Using an FHA loan, I'd put down 3.5%, although this would stretch my budget slightly.

I have found a lender who will do a portfolio loan, partial release and no pre-payment penalty for both properties.

I’m active duty Air Force retiring next year.A great way to start is using your VA loan.