He mentioned in his email that we would wait for my response fro 3 days until he proceed to take any further actions.

Under the situation mentioned you will likely need a 20-25% down payment to purchase the tri-plex. 

Just came across this and thought Id' mention that @Jeffrey Isenberg and his multifamily investment group just started a great meetup in Sherman Oaks.  

I don't want to get caught in that paralysis by analysis either or like you mentioned, kick the can down the road.

@Elizabeth Schongar As mentioned above you shouldn't have an issue going to the 5th property if you work with a lender without overlays.

That can put you into a financial downward spiral and wreak havoc on your finances – all with your original equity on the line while attempting to build new equity.HELOCs, as we mentioned earlier, are also variable-rate products.

No, the article specifically mentions he leverages it into a $3m LOCIt was on Bloomberg:Sifakis, the Florida flipper, typically gets a $3 million line of credit from an investment firm for about every $1 million he raises on RealtyShares, giving him added buying power.Soooo, not sure how that works?

Most banks do not loan for what your intention is, but if you do own the land outright then you do have the opportunity to pursue a construction loan like Ryan mentioned.3. if your goal is to sell plans (approved I assume) then you have quite a bit of expense and months of city approvals/ meetings to go through before that is a reality.

Knowing what to say and what not to say also come into play and most sellers will screw that up to, though I admit so will many agents, therefore it is very important to find a good and highly experienced one.You mentioned not wanting to pay $900 more to list with an agen.

Like Darrell mentioned, one thing I started doing is scheduling my showings all at the same time.