Updated over 7 years ago on . Most recent reply
One or Multiple Apartments in Beginning
Hello everyone, I’m looking for properties where the owner can seller finance with a 10% down payment, paid through a HML. Would it be advisable to stick with just one property until the HML is paid off or should I use the same method to buy more? I currently have 0 units.
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Todd Dexheimer
#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
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- St. Paul, MN
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
Start with one or 2, just be sure you are able to build enough equity quickly in order to get out of the Hard Money loan and eventually the seller financing. Also, my suggestion for refinancing investment properties is to not base the refinance on the appraisal value, but on the cash flow of the asset. Too many focus on the future value and not on the current/future performance.