Loan options for multifamily investment property
I'm in the process of buying my first multi with a business partner. He's a number cruncher for a real estate investment company so he knows a good deal when he sees it. We have an offer accepted on our first property. We are investing in the Boston area so the down payments are quite big. Generally we are finding out that most lenders want 25% down payment. We probably have enough cash to acquire 2 properties at with 25% down payments. My question is: How will we be able to get financing to acquire more property?