4-12 unit buying with none of your own money

[Gerald Lepore]

I have owned a three family for almost two years now and am looking to buy a 4 unit plus in Rhode Island and am trying to figure out how to go about getting money for the 20% down payment.

[Brent Coombs]

@Gerald Lepore, the first thing that comes to mind is: an Equity Line Of Credit (ELOC), used for its deposit. Over the last two years, haven't you gained circa 20 percent extra equity than you already had at purchase? How's your Debt-To-Income Ratio? Because of its rental return, your DTI should have improved because of your purchase two years ago, right?

The easiest way to get a good/cheap loan is to apply as an owner-occupier.

Any problem with moving into a 4-plex you'd want to buy? 

If your ambitions go to a 12 unit building, now, why stop at 12? Won't you need partner/s?

Welcome to BP. Congrats on your progress so far...