I want to buy multi family properties newbie here please help

[Pritam Karmakar]

I have few single family rentals and now want to buy multi family. Could you please share where I can find good deals is it redfin or some other website? In terms of financing what types of loan I should try? Thanks in advance.

[Sean Smith]

@Pritam Karmakar online sources like Redfin and Zillow are good starting points for small multifamily and the occasional larger multifamily deal. Crexi and Loopnet showcase more commercial, industrial, mixed use and multifamily deals. Better deals are found networking with brokers, wholesalers, and other investors in the local area. The best deals are ones you source yourself direct-to-seller.

If you purchase a 2-4 unit building you can usually qualify for 30-year fixed loans. If you purchase 5 units or above you'll typically need to obtain commercial financing. Commercial loans often are fixed for less time (5-10 years is common) with smaller amortization periods (25 years is pretty common).