Large multi family complex for 0% down?

Joliet, Illinois
Multi-Family and Apartment Investing
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Large multi family complex for 0% down?

Kamil Gal
Member since 2023 · 1 post · 0 votes

I just wanted to know if it was possible to get a large multi family complex around 100 units for 0% down and if it is possible how would that be done?

I’m guessing you could have the seller finance the down payment and then add them as a co-signer until they are paid back!?

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Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
3y
Quote from @Kamil Gal:

I just wanted to know if it was possible to get a large multi family complex around 100 units for 0% down and if it is possible how would that be done?

I’m guessing you could have the seller finance the down payment and then add them as a co-signer until they are paid back!?


 99.999% IMPOSSILBE, If its a good deal why not just partner with someone that has money? Do a 70/ 30 split, in the money guys favor. You make 30% for being a finder

All the best 

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  • Justin Moy
    Investor · Kansas City, MO · Member since 2020 · 400 posts · 278 votes
    3y

    Seller finance or mezz debt. But there will be a few obstacles to this

    First, the first position bank will want to see you have skin in the game, so they likely won't love you putting 0% into the deal. 

    Second, you'd be really heavily leveraged, so much riskier and cash flow restricted

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  • Bob S.
    Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    3y
    Quote from @Kamil Gal:

    I just wanted to know if it was possible to get a large multi family complex around 100 units for 0% down and if it is possible how would that be done?

    I’m guessing you could have the seller finance the down payment and then add them as a co-signer until they are paid back!?


     99.999% IMPOSSILBE, If its a good deal why not just partner with someone that has money? Do a 70/ 30 split, in the money guys favor. You make 30% for being a finder

    All the best 

    1Reply
  • Wayne Brooks
    Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
    3y
    Quote from @Bob S.:
    Quote from @Kamil Gal:

    I just wanted to know if it was possible to get a large multi family complex around 100 units for 0% down and if it is possible how would that be done?

    I’m guessing you could have the seller finance the down payment and then add them as a co-signer until they are paid back!?


     99.999% IMPOSSILBE, If its a good deal why not just partner with someone that has money? Do a 70/ 30 split, in the money guys favor. You make 30% for being a finder

    All the best 

    I think a few more 9’s would get it closer to accurate…..
    1Reply
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