needing suggestion for big real estate investment

Member since 2020 · 12 posts · 2 votes

I am currently living in Missouri; I have one house rented out and am planning on getting more. My question is while I was looking on redfin, I found a big 14-unit buildings that is for sale around $3 Million. I never applied for a Unit that big and was wondering if I should try to get a loan (even though I don't get much income right now). and if how what is the process, is there a way to get the loan without putting money down, etc. the only reason I am asking this is I have no experience in this and it practically me jumping from one house to a 14-unit and am trying to figure out if this is a right move.

Thank You

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
2y
ya that's basically mission impossible under the scenario you outlined.
There is a lady I know from Oregon and this was her and her moms experince.

They bought a duplex ran that for a few years sold and bought a 4 plex ran that for some years then they were able to buy a 8 unit then next step was a 20 unit. then they sold that and bought a 54 unit.. They then sold that and bought a 250 unit in OKC all C and D class and had to move there as they almost lost it in foreclosure.. took 5 years of them living there and managing it personally to stablize and finally sell.. then bought a 20 uniit back in Oregon where it all started.. this over the course of a few decades.
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