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Updated over 15 years ago on . Most recent reply

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Kim Mancoronal
  • Residential Real Estate Agent
  • Dillon, MT
0
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financing multi family investments

Kim Mancoronal
  • Residential Real Estate Agent
  • Dillon, MT
Posted

I am wondering how anyone else is financing Multi-family properties....I have found several GREAT buys, some are REO's and some are regular Realtor listings. With the REO's I have attempted to work with the banks with vendor financing but they are wanting 20-30% down ( I do not have that) same with regular bank financing. How are you getting around that huge down? I am new to the bank loan portion of financing deals.( I used to have a private source of money, which is no longer available to me.) Any help would be greatly appreciated.

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Uwe S.
  • Property Manager
  • Dublin, OH
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1,550
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Uwe S.
  • Property Manager
  • Dublin, OH
Replied

Owner financing is helpful, you can negotiate the downpayment, but must pay in most cases higher prices.

-Uwe

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