How to finance first Multifamily deal?
I plan to get into Multifamily(12+ units) in Chicago this summer, wanted to sort out my finances accordingly.
Is it possible to get financing with 10-15% down? I aim to acquire properties with below market rent, with scope of some rehab, like maybe upgrade kitchen appliances, paint cabinets, new lvp flooring etc.
Is it even possible to find such deals in $800k-1M range in Chicago B/C neighborhoods?
I am a new investor and looking for direction from seasoned investors in the area.
Thanks :)