Financing for Multifamily Properties

[Derek Wilson]

I'm looking to speak with a seasoned real estate investor. I have a cash flowing short term rental property & I'm ready to move on to multifamily investing. I have so many questions about which financing to use to purchase a property. Should I get a conventional loan, a hard money loan, cash out refinance or just try to raise capital. 

Thank you,

Derek 

[Ned Carey]

@Derek Wilson Get whatever kind of loan you can that makes the deal work. You should be networking with various types of lenders to see what their programs and terms are and run the  numbers for various scenarios. 

        "I'm thinking of getting a DSCR loan for the down payment & then a conventional mortgage."

You cannot use a DSCR loan for the down payment if a conventional mortgage will be in second place. Both of those loans will want to be in first place. That might not have been what you meant but I want to make sure you know that won't work.