This program is specifically designed to help finance the construction, acquisition, or rehabilitation of rental properties with multiple units.To qualify for a USDA multifamily loan, the property must meet certain eligibility requirements.

If your credit is stellar and you have some cash reserves, you may be able to start with a hard money lender (HML), but they will likely only finance 80%.

Also you should also want to make sure a third party believes you can afford the homeAs an investor myself we are kicking our chops right now at all these “creative finance” deals that borrowers could not get traditional financing on and got some sort of seller financing and they clearly could not afford the home so come end of 2024-2025 we will see all of these defaulted loans on this which I will look to swoop in and buy at 50 cents on the dollar

How did you finance this deal?

When you have approved lots LMK - I can help with construction financing so you dont need to build on spec

And is there any path to a lower down payment using creative financing, or is 20% pretty much what it is? 

You can get good deals with seller financing/creative financing in any market essentially.

I understand that navigating the minimum loan amount restrictions can be tricky, but Chase is known to offer financing solutions that could potentially accommodate lower loan amounts, possibly even down to $50k, which might align well with your investment goals and the price range you're interested in.If you haven't already, reaching out to Chase could provide you with some additional flexibility in your property search, allowing you to stay within your desired price range and maximize your monthly cash flow from the investment.

Whether you're a seasoned property investor or just getting started, this comprehensive guide will provide you with the knowledge and tools needed to succeed in the world of property rehabilitation.Financing Your BRRRR Deal:Creative Financing: Gain a comprehensive understanding of alternative financing options, such as private money, hard money loans, and partnerships, to effectively fund your BRRRR (Buy, Rehab, Rent, Refinance, Repeat) deals.

We are not sure the best strategy to go about financing our renovation.