How have you funded your Illinois multifamily deals?

How have you funded your Illinois multifamily deals?

Rental Property Investor · Raleigh, NC · Member since 2022 · 33 posts · 23 votes

What are the ways you have funded your multifamily deals. I a have a positive cash flow Central Illinois area renovated multifamily deal I'm working on and not sure how to access the right investor(s). I would house hack the property, find tenants and manage for a portion of the deal. Thanks.

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Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
4y

If the deal is good the money will come, spend your energy on the deal 

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  • Member since 2021 · 28 posts · 14 votes
    4y

    What size is the MF? Are you not able to do a FHA loan with a smaller amount down? Does it need a lot of renovation?

  • Real Estate Agent · Chicago, IL · Member since 2018 · 1k+ posts · 1k+ votes
    4y

    @Tamera White

    I've done 3 house hacks - one FHA and two with Home Possible. There are other 5-10% down financing options for house hackers too.

  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    4y

    If the deal is good the money will come, spend your energy on the deal 

  • Rental Property Investor · Raleigh, NC · Member since 2022 · 33 posts · 23 votes
    3y
    Quote from @Paul De Luca:

    @Tamera White

    I've done 3 house hacks - one FHA and two with Home Possible. There are other 5-10% down financing options for house hackers too.


    Thanks Paul. Great to know about Home Possible. I wasn't aware of this program. Good to know of house hacker options in addition to FHA!

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