Want to Buy My First Multi-Family Property - Need Help Financing
I am looking to purchase my first investment property, a quadplex in the North Georgia area.
For this deal, I am looking for financing assistance (preferable 100% financing). I am having trouble with getting the funds necessary to secure traditional financing. The quadplex is fully occupied and cash flowing with long term leases in place. Rents for each unit are $1200 and can increase. Newer roof, systems, etc. House Hacking is not an option for me as I am married with a family of 5.
I've been a licensed real estate agent for 5 years now and I have experience helping many real estate investors successfully grow their portfolios and protect their assets. I now believe it is time to finally get into my first investment property and begin to grow my own portfolio.
Looking to keep this for years as a long term rental.
I'm willing to give a significant portion of the monthly cash flow back to help make the deal make sense. I'm more interested in getting my foot in the door with an investment property.
Please reply if you can help me with this situation.