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Updated over 15 years ago on . Most recent reply

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Daniel Kee
  • Mount Zion, IL
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Hello everyone

Daniel Kee
  • Mount Zion, IL
Posted

Well I am new to this forum. I have been researching for over a year and have a mentor when I need one......but it is always good to get other peoples advice as well. I am going to browse around and try to find the answers to my questions but I will list a few and feel free to answer them for me!!

My biggest question is financing. I have calculated myself to death with debt service and running all of the expense and profit numbers...so I have that down....but....Is there anyway to get around the 20% down. My goal is to buy a bunch of muti-units manage them and do real estate sales as well. I have a friend who is a broker and wants me to work for him when I do....but I am trying to give myself solid footing first. I got fried by the stock market so I am set back on saving for the 20% for a few years.....any opinions would be nice.....

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Uwe S.
  • Property Manager
  • Dublin, OH
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Uwe S.
  • Property Manager
  • Dublin, OH
Replied

Hello Daniel,

Keywords: Owner Financing under 20% down payment, I see every day multi family houses with possible owner financing.

Start here with Du - or Triplexes for max $75k or depending on your cash with 5+ buildings, they must be rented and in good shape thats the main.
If you don´t see such houses ask the owner direct for short term financing max 3 years, some owner comply with your offer.

-Uwe

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